Stock Valuation Models
There are many different emerging and enduring financial issues in the financial sectors of developing countries, however a central issue is the valuation of stocks, i.e. the mechanism (process and factors) for determining the values of stocks. Substantial progress has been made towards understanding the relationship of different variables determining stock prices and returns in particular markets such as the U.S. stock market (Dhalkal, Kandil and Sharma 1993), U.K. stock market (Cheng 1995), and some Asian stock markets (Wongbangpo and Shama 2002) (see also Islam and Oh 2003; Cuthbertson 1996).
KeywordsGross Domestic Product Cash Flow Stock Price Stock Return Stock Prex
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