Paper by Tomáš Pražák in Financial Internet Quarterly
Tomáš Pražák pulished paper "The role of main microeconomic factors on the stock prices of selected Swiss companies". This paper examines the role of main microeconomic factors on the stock prices of select Swiss companies listed on the Six Swiss Exchange. The microeconomic factors are based on the financial situation in companies. Financial ratios, gained from the financial statements of the individual companies, are used for the analysis. The relationship between observed variables is explored using panel regression analysis. The generalized method of moments for constructing a regression model is used. In general, the study confirmed that profitability and debt ratios are the most important business factors from the prospective of its impact on stock prices.