Please use this identifier to cite or link to this item:
https://hdl.handle.net/1959.11/10134
Title: | Information Content of PE Ratio, Price-to-book Ratio and Firm Size in Predicting Equity Returns | Contributor(s): | Sun, Lan (author) | Publication Date: | 2012 | Handle Link: | https://hdl.handle.net/1959.11/10134 | Abstract: | The concept of market efficiency is central to finance. Various anomalies have been documented in the last two decades that contradicts to the efficient market hypothesis. Despite the extensive evidence of market anomalous from the U.S market, empirical studies on the Australian equity market are limited. This study investigates a number of anomalous including PE ratios, Price-to-book ratios and the firm size effect in an Australia context. The preliminary results suggest that PE ratios and firm size do not have power in predicting stock returns. However, significant returns are found to be associated with low Price-to-book ratios. | Publication Type: | Conference Publication | Conference Details: | ICIIM 2012: International Conference on Innovation and Information Management, Chengdu, China, 7th - 8th January, 2012 | Source of Publication: | International Proceedings of Computer Science and Information Technology (IPCSIT), v.36, p. 275-280 | Publisher: | International Association of Computer Science and Information Technology (IACSIT) | Place of Publication: | Singapore | ISSN: | 2010-460X | Fields of Research (FoR) 2008: | 150303 Corporate Governance and Stakeholder Engagement 150201 Finance 150202 Financial Econometrics |
Fields of Research (FoR) 2020: | 350202 Finance 350701 Corporate governance |
Socio-Economic Objective (SEO) 2008: | 910106 Income Distribution 900101 Finance Services |
Socio-Economic Objective (SEO) 2020: | 150206 Income distribution 110201 Finance services |
Peer Reviewed: | Yes | HERDC Category Description: | E1 Refereed Scholarly Conference Publication | Publisher/associated links: | http://www.ipcsit.com/vol36/052-ICIIM2012M10011.pdf http://www.ipcsit.com/vol36.htm |
---|---|
Appears in Collections: | Conference Publication UNE Business School |
Files in This Item:
File | Description | Size | Format |
---|
Page view(s)
1,096
checked on Mar 9, 2023
Download(s)
2
checked on Mar 9, 2023
Items in Research UNE are protected by copyright, with all rights reserved, unless otherwise indicated.