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Parametric Determinants of Price-Earnings Ratio in Indian Capital Markets
Sushil Kumar Bhadu,D. P. Warne +1 more
TLDR
In this article, the results of multiple regression model based on standardized variables indicate that variability in market price and size of the company were the most important determinants of P/E ratio in the Indian capital market.Abstract:
The Price-Earnings (P/E) ratio is a widely used measure of the expected performance of companies, and it has almost invariably been calculated as the ratio of the current share price to the previous year’s earnings. However, the P/E of a particular stock is partly determined by outside influences, such as the year in which it is measured, the size of the company, and the sector in which the company operates. Thus, the present paper is based on the examination of various parametric determinants of P/E ratio in the Indian capital market, and it is found that the results of multiple regression model based on standardized variables indicate that ‘variability in market price’ and ‘size of the company’ were the most important determinants industry-wise as well as in aggregate analysis.read more
Citations
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Application of fuzzy multi-criteria decision making methods for financial performance evaluation of Turkish manufacturing industries
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Stock Returns and Fundamentals in the Australian Market
TL;DR: In this article, the authors compared 10 widely used financial performance measures of stock return in the Australian stock market and found that market-based measures can better explain stock price variance compare to accounting based measures of financial performance.
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Effect of Return on Investment on Portfolio Diversification among Commercial Sugarcane Investors in Kenya
TL;DR: In this article, the authors studied the problem of commercial sugarcane farming in Kenya and proposed a general objective and a specific objective with a focus on return on investment and portfolio diversification.
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Value Relevance of Degree of Leverages and its Impact on Systematic Risk An empirical study on Indian manufacturing firms
TL;DR: In this paper, the authors examined the effect of the degree of operating and financial leverage on the stock returns of 230 manufacturing firms listed on the NSE of India over a period of ten years from the financial year 2001-2002 to 2010-11 including the recessionary period.
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Association between Degree of Leverages and Firm Value
TL;DR: In this paper, the authors investigate the relationship between degree of leverages, operating and financial, and firm value in the context of India, one of the big ten emerging markets in the world, by using standard ordinary least square regression models at the levels of individual firm and portfolio of firms.
References
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Journal ArticleDOI
Application of fuzzy multi-criteria decision making methods for financial performance evaluation of Turkish manufacturing industries
TL;DR: This paper proposes a new financial performance evaluation approach to rank the companies of each sector in the Turkish manufacturing industry based on the AFP and VFP main-Criteria and their sub-criteria and uses fuzzy analytic hierarchy process (FAHP) to determine the weights of the criteria.
Journal ArticleDOI
Stock Returns and Fundamentals in the Australian Market
TL;DR: In this article, the authors compared 10 widely used financial performance measures of stock return in the Australian stock market and found that market-based measures can better explain stock price variance compare to accounting based measures of financial performance.
Dissertation
Effect of Return on Investment on Portfolio Diversification among Commercial Sugarcane Investors in Kenya
TL;DR: In this article, the authors studied the problem of commercial sugarcane farming in Kenya and proposed a general objective and a specific objective with a focus on return on investment and portfolio diversification.
Dissertation
Value Relevance of Degree of Leverages and its Impact on Systematic Risk An empirical study on Indian manufacturing firms
TL;DR: In this paper, the authors examined the effect of the degree of operating and financial leverage on the stock returns of 230 manufacturing firms listed on the NSE of India over a period of ten years from the financial year 2001-2002 to 2010-11 including the recessionary period.
Journal ArticleDOI
Association between Degree of Leverages and Firm Value
TL;DR: In this paper, the authors investigate the relationship between degree of leverages, operating and financial, and firm value in the context of India, one of the big ten emerging markets in the world, by using standard ordinary least square regression models at the levels of individual firm and portfolio of firms.