Stock returns and beta, firms size, E/P, CF/P, book-to-market, and sales growth : evidence from top 50 companies in Singapore
The objective of this paper is to examine the relationship between stock returns and the financial variables, beta, size, earnings-to-price ration, cash flow-to-price ration, book-to-market equity ration, and sales growth. Our study is based on a sample of 50 top Singapore non-financial firms liste...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Final Year Project |
| Published: |
2008
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/10434 |
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| Institution: | Nanyang Technological University |
| Summary: | The objective of this paper is to examine the relationship between stock returns and the financial variables, beta, size, earnings-to-price ration, cash flow-to-price ration, book-to-market equity ration, and sales growth. Our study is based on a sample of 50 top Singapore non-financial firms listed on the Stock Exchange of Singapore (SES), in the period of 1996-2005. Through a cross sectional examination of how each variable affects market returns, we find that our variables have little explanatory power against stock returns. |
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