Marris, R and Singh, Ajit (1966): A Measure of a Firm's Average Share Price. Published in: Journal of the Royal Statistical Society. Series A (General) , Vol. 129, No. 1 (1966): pp. 74-97.
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Abstract
The present writers believe that they have found an alternative measure of average price which it is possible to use in econometric applications, is sufficiently accurate for many other purposes as well, and yet is easier to compute. It is described here in the hope that it may prove generally useful to other workers and, in particular, to those concerned with the behaviour of the firm.
Item Type: | MPRA Paper |
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Original Title: | A Measure of a Firm's Average Share Price |
Language: | English |
Keywords: | share price, behaviour of the firm, market valuation |
Subjects: | D - Microeconomics > D0 - General M - Business Administration and Business Economics ; Marketing ; Accounting ; Personnel Economics > M2 - Business Economics > M21 - Business Economics |
Item ID: | 51712 |
Depositing User: | Ajit Singh |
Date Deposited: | 26 Nov 2013 07:31 |
Last Modified: | 30 Sep 2019 17:10 |
References: | Fisher, G. R. (1961), "Some factors influencing share prices", Econ. J., 71, No. 281. Friend, I. and Puckett, M. (1964), "Dividends and stock prices", American Economic Review, 54, No. 5. Gordon, M. (1959), "Dividends, earnings and stock prices", Review of Economics & Statistics, 41, No. 5 Grunfeld, Y. (1960), "The determinants of corporate investment", in The Demand for Durable Goods, Ed. by A. C. Harberger, University of Chicago Press. Harcourt, G. C. (1965), "The account in a golden age", Oxford Economic Papers, 17, No. 1. Kendall, M. G. and Stuart, A. (1961), Advanced Theory of Statistics, vol. II, London: Griffin Massey, F. (1951), "The Kolmogorov-Smirnov test for goodness of fit", J. Amer. Statist. Ass., 46, No. 253 Miller, L. H. (1956), "Table of percentage points of Kolmogorov statistics", J. Amer. statist. Ass., 51, No. 213 Moody's Ordinary Share Price Index. London: Moody's Services Ltd. Modigliani, F. and Miller, M. (1960). "Leverage, dividend policy and the cost of capital", paper read to Econometric Society, St. Louis. Morgan, E. V. and Taylor, C. (1951), "The relationship between the size of joint stock companies and the yield of their shares", Economica, 24, No. 94 Scott, Maurice (1926), "Relative share prices and yields", Oxford Economic papers, 14, No. 3 Stigler, G. (1963), Capital and Rates of Return in Manufacturing Industries, Princeton University Press |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/51712 |