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

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