Vol. 5 No. 10 (2010)

Artículos

Macroeconomic and accounting influence on stock returns in Mexico

Published 2010-01-04

  • Leticia Armenta Fraire
    • ,
  • Arturo Lorenzo Valdés
    • ,
  • Rocío Durán Vázquez

Leticia Armenta Fraire
Instituto Tecnológico y de Estudios Superiores de Monterrey, Departamento de Economía

Arturo Lorenzo Valdés
Instituto Tecnológico y de Estudios Superiores de Monterrey, Departamento de Contabilidad y Finanzas

Rocío Durán Vázquez
Universidad del Valle de México, Profesora de Posgrado

Abstract

In this study, we presented factorial model review by incorporating macroeconomic and accounting-financial variables, in order to identify the value relevance of them on the return of the Mexican Stock Market. We used a model under the panel data considerations and we found that only the macroeconomic variables were significant, but not the accounting-financial variables.

Keywords

Stock returns, Macroeconomic variables, Ohlson Model, Value Relevance, Panel Data

PDF (Spanish)

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