A Financial Econometric Analysis of E-Commerce Stock Price Predictability
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Oh, Kok-Boon and Islam, Sardar M. N (2012) A Financial Econometric Analysis of E-Commerce Stock Price Predictability. Social and Management Research Journal, 9 (2). pp. 327-331. ISSN 1675-7017
Abstract
The predictability of stock price changes has been a contentious issue in finance for a long period of time. Using the Australian e-commerce financial data for determining the equity value of e-commerce firms, this paper provides an empirical analysis of the issue of predictability of stock prices. The factors contributing to the predictability of equity prices in the e-commerce markets are identified, analyzed and the issues and implications are discussed and explained. This paper presents new approaches to econometric specification, estimation and testing in relation to e-commerce stock predictability including stationarity tests, co-integration modeling and analyses. The policy implications of the empirical findings are stated. The empirical findings of the Australian study are extrapolated and inferences are made for other countries.
| Item type | Article |
| URI | https://vuir.vu.edu.au/id/eprint/23632 |
| Official URL | http://rmi.uitm.edu.my/images/stories/SMRJ/Dec2012... |
| Subjects | Historical > FOR Classification > 1402 Applied Economics Historical > Faculty/School/Research Centre/Department > College of Business |
| Keywords | ResPubID26505, asset pricing, risk, equity market, stock price predictability, financial markets, econometric modelling, knowledge economy |
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