Relationship between price-earnings ratios and expected return of common stocks: The case of Malaysia
This paper investigates the relationship between PIE ratio of a stock and its expected return. Spearman rank correlatiOn, a nonparametric test, was used to test this relationship. ThIs study found significant relatIOnship between the two for the entire period 1980 to 1989 and for the sub-period 1980...
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Penerbit Universiti Kebangsaan Malaysia
1991
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| Online Access: | http://journalarticle.ukm.my/7938/1/765-1461-1-SM.pdf http://journalarticle.ukm.my/7938/ http://ejournals.ukm.my/pengurusan/issue/view/200 |
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my-ukm.journal.79382016-12-14T06:45:42Z http://journalarticle.ukm.my/7938/ Relationship between price-earnings ratios and expected return of common stocks: The case of Malaysia Ismail Ibrahim, Othman Yong, This paper investigates the relationship between PIE ratio of a stock and its expected return. Spearman rank correlatiOn, a nonparametric test, was used to test this relationship. ThIs study found significant relatIOnship between the two for the entire period 1980 to 1989 and for the sub-period 1980 101984, which suggest that the market for MalaYSia stocks IS not efficient In the semi-strong form of the efficient market hyporhesis (EMH). However, for the sub-period 1985 to 1989, the relationship is not significant. Penerbit Universiti Kebangsaan Malaysia 1991 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/7938/1/765-1461-1-SM.pdf Ismail Ibrahim, and Othman Yong, (1991) Relationship between price-earnings ratios and expected return of common stocks: The case of Malaysia. Jurnal Pengurusan, 10 . pp. 95-103. ISSN 0127-2713 http://ejournals.ukm.my/pengurusan/issue/view/200 |
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This paper investigates the relationship between PIE ratio of a stock and its expected return. Spearman rank correlatiOn, a nonparametric test, was used to test this relationship. ThIs study found significant relatIOnship between the two for the entire period 1980 to 1989 and for the sub-period 1980 101984, which suggest that the market for MalaYSia stocks IS not efficient In the semi-strong form of the efficient market hyporhesis (EMH). However, for the sub-period 1985 to 1989, the relationship is not significant. |
| format |
Article |
| author |
Ismail Ibrahim, Othman Yong, |
| spellingShingle |
Ismail Ibrahim, Othman Yong, Relationship between price-earnings ratios and expected return of common stocks: The case of Malaysia |
| author_facet |
Ismail Ibrahim, Othman Yong, |
| author_sort |
Ismail Ibrahim, |
| title |
Relationship between price-earnings ratios and expected return of common stocks: The case of Malaysia |
| title_short |
Relationship between price-earnings ratios and expected return of common stocks: The case of Malaysia |
| title_full |
Relationship between price-earnings ratios and expected return of common stocks: The case of Malaysia |
| title_fullStr |
Relationship between price-earnings ratios and expected return of common stocks: The case of Malaysia |
| title_full_unstemmed |
Relationship between price-earnings ratios and expected return of common stocks: The case of Malaysia |
| title_sort |
relationship between price-earnings ratios and expected return of common stocks: the case of malaysia |
| publisher |
Penerbit Universiti Kebangsaan Malaysia |
| publishDate |
1991 |
| url |
http://journalarticle.ukm.my/7938/1/765-1461-1-SM.pdf http://journalarticle.ukm.my/7938/ http://ejournals.ukm.my/pengurusan/issue/view/200 |
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