Determinants of Stock Prices : The Case of Zimbabwe /

This paper examines the general relationship between stock prices and macroeconomic variables in Zimbabwe, using the revised dividend discount model, error-correction model, and multi-factor return-generating model. Despite the large fluctuation in stock prices since 1991, this analysis indicates th...

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Автор: Oyama, T.
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 1997.
Серія:IMF Working Papers; Working Paper ; No. 1997/117
Онлайн доступ:Full text available on IMF