Comparison of Forecasting Volatility in the Czech Republic Stock Market

Thalassinos, Eleftherios; Uğurlu, Erginbay; Muratoğlu, Yusuf

doi:10.11114/aef.v2i1.608

Cited by 15 publications

(12 citation statements)

References 23 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The size of a company can be proxied with the value of the capitalization of its shares in the capital market. Shares with small and large capitalization values have different sensitivity to risk factors which are such important factors to provide asset pricing (Fama and French, 2017;Thalassinos et al, 2015a;Thalassinos and Grima, 2020).…”

Section: Hypothesis Developmentmentioning

confidence: 99%

Profitability Determinants of Manufacturing Firms in Indonesia

Susilo¹,

Wahyudi²,

Pangestuti³

2020

IJEBA

View full text Add to dashboard Cite

Purpose: The purpose of this study is to explore the most significant profitability determinants of the manufacturing companies in Indonesia. Design/Methodology/Approach: Several independent variables examined for their influence on profitability were working capital, firm size, firm growth, capital structure, and non-debt tax shields. The sample of this study were manufacturing firms listed on the Indonesia Stock Exchange from 2010 to 2017. The number of samples were 350 manufacturing companies. Findings: The results of this study indicate that working capital, firm size and firm growth were positively related to profitability. Meanwhile, capital structure and non-debt tax shield did not affect profitability. The findings of this study were consistent with the pecking order theory and the financial agency theory. Practical implications: This study implies that managers need to adjust their investment needs with the profitability that has been achieved and the total assets of the company, and to maximize the value of the company by managing current assets so that the rate of the return on marginal investment is equal to or greater than the cost of capital used to finance the current assets. Furthermore, financial managers must be able to determine essential investment objectives by maximizing the use of assets and fixed assets which are expected to make the company to enjoy the sales growth in the future. Originality/Value: Although this study organically builds upon recent studies about the firms' profitability, it conducted in the new administrative setting in Indonesia, which is the Widodo's administration. Widodo's administration supports the manufacturing industry to be able to compete globally.

show abstract

Section: Hypothesis Developmentmentioning

confidence: 99%

Profitability Determinants of Manufacturing Firms in Indonesia

Susilo¹,

Wahyudi²,

Pangestuti³

2020

IJEBA

View full text Add to dashboard Cite

show abstract

“…According to Jensen (1988), Aivazian, Ge, and Qiu (2005), and Fairchild, Guney, and Thanatawee (2014), the symptom of conflict is started when firms have excess cash which evoke a collision about how to allocate the cash, whether need to distribute as dividends for shareholders or spend it for investments which at the end the return of these investments shall give benefit for managers. The conflict is exist while shareholders prevent the managers for overinvest and demand for dividends (Easterbrook, 1984;Jensen, 1986;Thalassinos et al, 2015a;2015b).…”

Section: Free Cash Flow Theorymentioning

confidence: 99%

The Motives behind Dividend Policy

Pontoh¹

2016

IJEBA

View full text Add to dashboard Cite

The puzzle for dividend policy in Indonesia is still remain since the firms have uncertain distribution for dividends to their shareholders. The objectives of this study are testing the free cash flow theory, life cycle theory, and catering theory with 139 firms as samples which is listed in Indonesia Stock Exchange for period of 2010 to 2015. This study finds that, firms in Indonesia are not at mature level and there is an existence for free cash flow effect on dividend payers with lower debt only, while catering effect is generally exist for firms as dividend payers. Furthermore, since the firms as non dividend payers are on growth level then they are generally use their profit and capital gain includes debts in purposes of investment activities.

show abstract

“…The key role of innovations, innovation activity intensification, and enhancement of innovation process efficiency are the leading features of modern economy (Nechaev and Prokopeva, 2013). Taxation and effective financial structure appears to be one of the most efficient tools of state regulation, both, in terms of national economy and international economic processes (Folomev andRevazov, 2001 andThalassinos et al, 2014).…”

Section: Introductionmentioning

confidence: 99%

Analysis of the Impact of Taxation of Business Entities on the Innovative Development of the Country

Nechaev¹,

Antipina²

2016

ERSJ

View full text Add to dashboard Cite

The widely acknowledged fact is that the economic growth based only on an export of the raw materials cannot be stable for a long time and thereupon the financial support of an innovative activity gets of a special urgency. In the innovative activity stimulation the tax system plays one of the key roles and it is urged to create the conditions for the innovative production demand and the economy modernizations.

show abstract

Comparison of Forecasting Volatility in the Czech Republic Stock Market

Cited by 15 publications

References 23 publications

Profitability Determinants of Manufacturing Firms in Indonesia

Profitability Determinants of Manufacturing Firms in Indonesia

The Motives behind Dividend Policy

Analysis of the Impact of Taxation of Business Entities on the Innovative Development of the Country

Contact Info

Product

Resources

About