Naslov
Evaluation of Benford, s law application in stock prices and stock turnover
(Evaluation of Benfords law application in stock prices and stock turnover)

Autori
Krakar, Zdravko ; Žgela, Mario

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Society and Technology 2008 / Plenković Mario - Zagreb : Hrvatsko komunikološko društvo, 2008, 57-71

ISBN
978-953-6226-18-4

Skup
S&T Society and Technology 2008

Mjesto i datum
Zadar, Hrvatska, 26.06.2008. - 28.06.2008

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Benfords law; information system auditing; stock exchange; stock turnover; deviation measure

Sažetak
Application of Benfords law in the field of financial analysis is very rarely coverd. In this paper it is researched possibility of this law in analysis of stock prices and stock turnover in Zagreb stock exchange. On this basis of online available and public data, sets of input numbers are prepeard. These sets are checked against Benfords law. Resultates show that sets partially fit to this law. Stock turnover data conforms to Benfords law, while daily closing stock prices do not. Probably, psychological factors significantly influence daily closing stock prices, so these values do not conform to Benfords distribution.

Izvorni jezik
Engleski

Znanstvena područja
Informacijske i komunikacijske znanosti

POVEZANOST RADA