Series: IMF Working Papers
Author(s): T. Oyama
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 September 1997
Keywords: DDM, ECM, CAPM, APT, stock market, stock prices, stock exchange, stock returns, stock market index
This paper examines the general relationship between stock prices and macroeconomic variables in Zimbabwe, using the revised dividend discount model, error-correction model, and multi-factor return-generating model...