The Correlation between Common Stock Return and Price Earnings (PE) Ratio: Egypt Case

2016 ◽  
Author(s):  
Osama Wagdi ◽  
Adel Sherif ◽  
Mohamed Azmy
Keyword(s):  
Stock Return ◽  
Common Stock ◽  
Pe Ratio

scholarly journals The Impact of Corporate Cultural Behaviour on Common Stock Return: Some Implications for Corporate Governance

2018 ◽  
Vol 80 (1) ◽  
pp. 115-130
Author(s):  
Chamil W. Senarathne
Keyword(s):  
Corporate Governance ◽  
Stock Returns ◽  
Stock Return ◽  
Stock Exchange ◽  
Common Stock ◽  
Listed Firms ◽  
It Impacts ◽  
Research Questions ◽  
The Impact ◽  
The Relationship

AbstractThis paper examines the relationship between common stock return and corporate cultural behaviour of twenty listed firms from Shanghai Stock Exchange. The particular research questions of this study include: whether corporate cultural behaviour impacts common stock returns and under what conditions it impacts shareholder expectations and corporate governance.

scholarly journals Monetary Stability and Stock Returns: A Bivariate Generalized Autoregressive Conditional Heteroscedasticity Modelling Study

2015 ◽  
Vol 5 (2) ◽  
pp. 1 ◽  
Author(s):  
Ning Zeng
Keyword(s):  
Stock Market ◽  
Stock Returns ◽  
Stock Return ◽  
Inflation Rate ◽  
Common Stock ◽  
Conditional Correlation ◽  
Monetary Stability ◽  
The Core ◽  
The Us ◽  
Autoregressive Conditional Heteroscedasticity

<p class="ber"><span lang="EN-GB">This paper employs a constant conditional correlation bivariate EGARCH-in-mean model to investigate interactions among the rate of inflation, stock returns and their respective volatilities. This approach is capable of accommodating all the possible causalities among the four variables simultaneously, and therefore could deliver contemporary evidence of the nexus between monetary stability and stock market. The postwar dataset of the US inflation and stock returns is divided into pre- and post- Volcker period and the estimation results show some significant changes of inflation-stock return relation, as well as indirect links between two volatilities. The core findings in this study suggest that promoting monetary stability contributes to more mutual interactions among the four variables, in particular, common stock is a more effective hedge against inflation, and the level of inflation rate is central to explaining the relation between the two volatilities.</span></p>

scholarly journals Firm’s Characteristics and Macro-Economic Variables on Expected Stock Returns

2019 ◽  
Vol 12 (1) ◽  
pp. 59-72
Author(s):  
Shiva Raj Paudel
Keyword(s):  
Growth Rate ◽  
Interest Rate ◽  
Cash Flow ◽  
Stock Return ◽  
Negative Impact ◽  
Gdp Growth ◽  
Common Stock ◽  
Macroeconomic Variables ◽  
Gdp Growth Rate ◽  
Significant Negative Impact

This study examines the effect of firm’s characteristics and macroeconomic variables on common stock return from the firms listed in Nepal Stock Exchange (NEPSE). The explained variable for the study is stock return which is calculated as the annual capital gain yield. The explanatory variables consist of firm size, book to market equity, earning yield, cash flow yield, GDP growth, rate of inflation, real interest rate, and money supply. The data are collected from the database of NEPSE, Nepal Rastra Bank (NRB), and the annual reports of the selected firms. The study is based on the 150 observations from the 10 sample firms for the period of 15 years (from 2003/4 to 2017/18). Fixed effect panel data analysis is used to examine the effect of firm characteristics and macroeconomic variables on common stock return in Nepalese firms. The findings confirms significant negative impact of firm size, book to market equity, earning yield, and cash flow yield on stock return in Nepalese context. Among the macroeconomic variables, GDP growth rate, and interest rate have significant negative impact on stock return. Contrarily, only the rate of inflation has significant positive impact on stock return in the context of Nepal. No significant effect of money supply is observed on common stock return in the context of Nepal.

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