The Price of Stocks in Latin American Financial Markets: En Empirical Application of the Ohlson Model

Pedro Martinez, Diego Prior and Josep Rialp

The International Journal of Business and Finance Research, 2012, vol. 6, issue 4, 73-85

Abstract: The emergence of the Latin American market and its growing importance attract global investors to this region with an eye on profit opportunities. This attraction demands a reliable instrument for the calculation of future stock prices of regional companies. This study examined the reliability and validity of the Ohlson Model to predict Latin American stock prices through an empirical application of a panel data analysis of 1,112 companies from this region with data from 2002 to 2009. The findings identified the countries in Latin America where the model can be used successfully.

Keywords: Ohlson Model; Latin American; Stock Prices (search for similar items in EconPapers)
JEL-codes: G12 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ibf:ijbfre:v:6:y:2012:i:4:p:73-85

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