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http://hdl.handle.net/11718/20900| Title: | Fundamentals and stock returns: the Indian stock market |
| Other Titles: | |
| Authors: | Gupta, Mohan Raj Tulshyan, Sachin |
| Keywords: | Fundamentals and stock returns;Indian stock market |
| Issue Date: | 2004 |
| Publisher: | Indian Institute of Management Ahmedabad |
| Series/Report no.: | SP;001073 |
| Abstract: | The purpose of this study is to explore the cross-sectional predictability of equity returns in India using fundamental variables. The sample includes companies listed at National Stock Exchange (NSE) from 2002 to 2004. We broadly follow the approach of Chan, Hamao, and Lakonishok (1991). Our findings reveal a significant relationship between expected returns and four variables – price-to-earnings ratio dividend yield, cash earnings yield and turnover. |
| URI: | http://hdl.handle.net/11718/20900 |
| Appears in Collections: | Student Projects |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| SP_2004_1073.pdf Restricted Access | 884.23 kB | Adobe PDF | View/Open Request a copy |
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