Role of International Evidence in Asset-Pricing: Application to Fundamental Signals

2017 ◽  
Author(s):  
Ondrej Tobek
Keyword(s):  
Asset Pricing ◽  
International Evidence

scholarly journals On the Validity of the Capital Asset Pricing Model (CAPM)

2020 ◽  
Vol 12 (4) ◽  
pp. 1
Author(s):  
M. J. Alhabeeb
Keyword(s):  
Asset Pricing ◽  
Market Risk ◽  
Capital Asset Pricing Model ◽  
Capital Asset Pricing ◽  
Pricing Model ◽  
Capital Asset ◽  
Technical Tool ◽  
Expected Return ◽  
Asset Pricing Model

This study exposes the meaning and role of the Capital Asset Pricing Model (CAPM) and lays out the key elements that make it work. It shows the model’s theoretical strength and examines its applicability and validity as a technical tool to measure the expected return to the investment in stock, along with assessing the market risk associated with that investment.

scholarly journals The Monitoring Role of Financial Analysts: An International Evidence

2015 ◽  
Vol 05 (05) ◽  
pp. 258-263
Author(s):  
Ahmed Marhfor ◽  
Rachid Ghilal ◽  
Bouchra M’Zali
Keyword(s):  
Financial Analysts ◽  
International Evidence

scholarly journals The Enterprise Multiple Investment Strategy: International Evidence

2015 ◽  
Vol 50 (4) ◽  
pp. 781-800 ◽  
Author(s):  
Christian Walkshäusl ◽  
Sebastian Lobe
Keyword(s):  
Asset Pricing ◽  
Cross Section ◽  
Investment Strategy ◽  
Return Predictability ◽  
Value Premium ◽  
Pricing Models ◽  
International Evidence ◽  
Asset Pricing Models ◽  
Promising Strategy ◽  
International Portfolio

AbstractThe enterprise multiple (EM) predicts the cross section of international returns. The return predictability of EM is similarly pronounced in developed and emerging markets and likewise strong among small and large firms. An international portfolio of low-EM firms outperforms a portfolio of high-EM firms by about 1% per month. The EM value premium is individually significant for the majority of countries, remains largely unexplained by existing asset pricing models, is robust after controlling for comovement with the respective U.S. premium, and is highly persistent for up to 5 years after portfolio formation, making it a promising strategy for investors.

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