Earnings-Price Ratios Effect and Low Price Effect
| Autor: | Ting-wen Kuo, 郭婷雯 |
|---|---|
| Rok vydání: | 2008 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 96 Basu (1983) propose the P/E ratios effect, research proves there is higher rate of returns to the high P/E ratios in the low P/E ratio, for get rid of surplus as zero company, research this adopt E/P ratios than reference indicator that select stocks. E/P produced by two main parameters, one is earning per share (EPS), another one is the price. And high E/P ratios (Low P/E ratios) there is high return in the company, the reason may be the price very low or the earning per share is very high. Kross (1985) said that the stock price is the E/P ratios the main drive factor on the effect. And Stoll and Whaley (1983), Tseng (1988), Bhardwaj and Brooks(1992), Conrad and Kaul(1993), Loughran and Ritter(1996), Elfakhani and Wei(2003) find the effect of the low price stocks again, so, this text mainly probes into this E/P ratios the relation on the effect and effect of low price stocks. Finally we find that E/P ratios effect and effect of low price stocks exist on the stock market of Taiwan, after controlling the stock price, still there is E/P ratios effect. In addition analyze that find E/P ratios exist more alone than the effect from coming back. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
| Externí odkaz: |
|