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Purchasing power

About: Purchasing power is a research topic. Over the lifetime, 2714 publications have been published within this topic receiving 36866 citations. The topic is also known as: adjusted for inflation.


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Journal ArticleDOI
TL;DR: In this article, the effects of macroeconomic variables on stock price crash risk in the economically uncertain conditions of Iran's market were investigated. And the results showed that there is a positive association between the inflation and unemployment rates and stock price Crash risk, whereas the GDP and exchange rates are correlated negatively with crash risk.
Abstract: The present study aims to investigate the effects of macroeconomic variables on stock price crash risk in the economically uncertain conditions of Iran’s market. This study also seeks to examine whether there is a significant relationship between some firm characteristics and falling stock prices. The sample of the study includes 152 Iranian companies listed on the Tehran Stock Exchange (TSE) between 2014 and 2019. Furthermore, the research model has been estimated using a fixed effect pattern, and the DUVOL (down-to-up volatility) measure is defined as a proxy for stock price crash risk. Consistent with our expectations, the results show that there is a positive association between the inflation and unemployment rates and stock price crash risk, whereas the GDP and exchange rates are correlated negatively with crash risk. In fact, with rising inflation and unemployment, on the one hand, the amount of savings and the purchasing power of the people have decreased, and on the other hand, it has reduced the sales of companies due to the increase in the pricing of manufactured products. In Iran’s economically uncertain situation due to sanctions, managers are trying to overstate financial performance and conceal bad news to have better access to financing; so, when the total amount of bad news accumulated over time reaches a tipping point, it leads to a stock crash. It also appears that when the exchange rate rises, Iranian investors prefer to buy companies’ shares to maintain the purchasing power of their money. Outcomes also confirm that larger firms and those with higher Return on Assets (ROA) are more sensitive to crash risk.

26 citations

Journal Article
TL;DR: In this article, the authors analyzed the significance of SMEs to the economies of EU and Serbia and found that more than 95% of all registered enterprises are SMEs, and that SMEs represent the basis of economic development.
Abstract: Small and medium enterprises (SMEs) represent the basis of economic development. Because of their characteristics, SMEs are far more flexible and responsive to frequent changes that occur in the contemporary global environment than large enterprises. This paper analyses significance of SMEs to the economies of EU and Serbia. The result is great significance due to the fact that more than 95% of all registered enterprises are SMEs. The paper also analyses the most frequent problems of SMEs in the EU and Serbian market. The results show that these problems are usually generic and that the most important ones are: lack of financial assets, small possibility of technology transfer, lack of capacity for permanent development of products and services, small possibility of internationalization of business operations, lack of quality management, inadequate administrative regulations, limited purchasing power, etc.

26 citations

Journal ArticleDOI
TL;DR: In this article, the authors elaborate and clarify the positioning theory of money in response to the critique of it provided by Geoffrey Ingham, and take the opportunity to clarify the position of money.
Abstract: I take the opportunity to elaborate and clarify the positioning theory of money in response to the critique of it provided by Geoffrey Ingham.

26 citations

Journal ArticleDOI
27 Jul 2011-PLOS ONE
TL;DR: It is found that the influence of corruption on potential investment decisions was outweighed by the likely value for money in terms of pricing parity, and global conservation is likely to get best returns by investing in “honest" countries than in corrupt ones, particularly those with a high cost of living.
Abstract: In many sectors, freedom in capital flow has allowed optimization of investment returns through choosing sites that provide the best value for money. These returns, however, can be compromised in countries where corruption is prevalent. We assessed where the best value for money might be obtained for investment in threatened species that occur at a single site, when taking into account corruption. We found that the influence of corruption on potential investment decisions was outweighed by the likely value for money in terms of pricing parity. Nevertheless global conservation is likely to get best returns in terms of threatened species security by investing in "honest" countries than in corrupt ones, particularly those with a high cost of living.

26 citations

Journal ArticleDOI
TL;DR: In this paper, the authors review and evaluate previous contributions to the literature on journal pricing with particular emphasis on the three types of price discrimination practiced by journal publishers, and suggest solutions that involve providing appropriate incentives to journal users, adoption of more equitable pricing systems, and employing the potential monopoly purchasing power of library associations to lower prices.
Abstract: The problems of excessive inflation and price discrimination in journal pricing continue to plague libraries. In analyzing the causes of the current crisis, the authors review and evaluate previous contributions to the literature on journal pricing with particular emphasis on the three types of price discrimination practiced by journal publishers. The authors suggest that the monopoly power of commercial publishers, combined with a third-party payment system, are at the heart of the problem. They suggest solutions that involve providing appropriate incentives to journal users, adoption of more equitable pricing systems, and employing the potential monopoly purchasing power of library associations to lower prices.

26 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
2023158
2022393
202190
2020113
2019103
2018110