The determinants of stock returns in the Algiers stock exchange using the arbitrage pricing theory : an empirical study on biopharma stock
Joint Authors
Source
Review of Finance and Markets Revue Finance et Marchés
Issue
Vol. 7, Issue 2 (31 Aug. 2020), pp.19-34, 16 p.
Publisher
Publication Date
2020-08-31
Country of Publication
Algeria
No. of Pages
16
Main Subjects
Financial and Accounting Sciences
Topics
- Profits
- Exchange rates
- Financial markets
- Investment returns
- Stocks
- Regression analysis
- Petroleum
- Money supply
- Government bonds
Abstract EN
This article aims to know the factors affecting the return of BIOPHARM's stock, listed on the Algiers Stock Exchange, by using the Arbitrage pricing model, and by using the multiple linear regression model, the effect of money supply, crude oil futures price, with a positive relationship, and the effect of the interest rate of treasury bonds in relation to Reversible.
These results are consistent with many field studies.
However, the fluctuation of the exchange rate and the parallel market for the exchange rate affected some variables.
Cet article vise à connaître les facteurs affectant le rendement de l'action BIOPHARM, cotée à la Bourse d'Alger, en utilisant le modèle de tarification de l'arbitrage, et en utilisant le modèle de régression linéaire multiple, l'effet de la masse monétaire, du prix à terme du pétrole brut, avec un relation positive, et l'effet du taux d'intérêt des bons du Trésor par rapport à Réversible.
Ces résultats concordent avec de nombreuses études de terrain.
Cependant, la fluctuation du taux de change et le marché parallèle du taux de change ont affecté certaines variables.
American Psychological Association (APA)
Gharbi, Hamzah& Badruni, Isa. 2020. The determinants of stock returns in the Algiers stock exchange using the arbitrage pricing theory : an empirical study on biopharma stock. Review of Finance and Markets Revue Finance et Marchés،Vol. 7, no. 2, pp.19-34.
https://search.emarefa.net/detail/BIM-1039150
Modern Language Association (MLA)
Gharbi, Hamzah& Badruni, Isa. The determinants of stock returns in the Algiers stock exchange using the arbitrage pricing theory : an empirical study on biopharma stock. Review of Finance and Markets Revue Finance et Marchés Vol. 7, no. 2 (2020), pp.19-34.
https://search.emarefa.net/detail/BIM-1039150
American Medical Association (AMA)
Gharbi, Hamzah& Badruni, Isa. The determinants of stock returns in the Algiers stock exchange using the arbitrage pricing theory : an empirical study on biopharma stock. Review of Finance and Markets Revue Finance et Marchés. 2020. Vol. 7, no. 2, pp.19-34.
https://search.emarefa.net/detail/BIM-1039150
Data Type
Journal Articles
Language
English
Notes
-
Record ID
BIM-1039150