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Factors affecting price to earnings ratio (P/E): Evidence from the emerging market
16 references·0 citing·46 second hop
Factors affecting price to earnings ratio (P/E): Evidence from the emerging market (2019)Factors affecting price to earnings ratio…The Impacts of Interest Rate on Stock Market: Empirical Evidence from Dhaka Stock Exchange (2019)The Impacts of Interest Rate …Investor Sentiment and the Cross‐Section of Stock Returns (2006)Investor Sentiment and the Cr…Decomposing the price-earnings ratio (2006)Decomposing the price-earning…Asset Pricing at the Millennium (2000)Asset Pricing at the Millenni…Herding among Investment Newsletters: Theory and Evidence (1999)Herding among Investment News…Value versus Growth: The International Evidence (1998)Value versus Growth: The Inte…The P/E Multiple and Market Volatility (1996)The P/E Multiple and Market V…P/E, P/B and the Present Value of Future Dividends (1994)P/E, P/B and the Present Valu…Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies (1993)Additional evidence on the as…Were Japanese Stock Prices Too High? (1990)Were Japanese Stock Prices To…Dividend yields and expected stock returns (1988)Dividend yields and expected …What Determines Price-Earnings Ratios? (1978)What Determines Price-Earning…INVESTMENT PERFORMANCE OF COMMON STOCKS IN RELATION TO THEIR PRICE‐EARNINGS RATIOS: A TEST OF THE EFFICIENT MARKET HYPOTHESIS (1977)INVESTMENT PERFORMANCE OF COM…The Investment, Financing, and Valuation of the Corporation (1963)The Investment, Financing, an…Price-Earnings Ratios (1960)Price-Earnings RatiosCapital Equipment Analysis: The Required Rate of Profit (1956)Capital Equipment Analysis: T…The Scree Test For The Number Of Factors (1966)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)The sensitivity of CEO wealth to equity risk: an analysis of the magnitude and determinants (1999)The use of equity grants to manage optimal equity incentive levels (1999)The relations among environmental disclosure, environmental performance, and economic performance: a simultaneous equations approach (2003)Dividend Policy, Growth, and the Valuation of Shares (1961)A General Equilibrium Approach To Monetary Theory (1969)Economic Growth in a Cross Section of Countries (1991)Fundamentals and Stock Returns in Japan (1991)Home bias and high turnover (1995)Financial Networks and Contagion (2012)The General Theory of Employment, Interest and Money. (1936)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Noise Trader Risk in Financial Markets (1990)Efficient Capital Markets: II (1991)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The relationship between return and market value of common stocks (1981)Does the Stock Market Overreact? (1985)Prospect Theory: An Analysis of Decision under Risk (1979)Prospect theory: An analysis of decision under risk (1988)Common risk factors in the returns on stocks and bonds (1993)Investor Psychology and Asset Pricing (2001)Chapter 18 A survey of behavioral finance (2003)Out-of-Sample Equity Premium Prediction: Combination Forecasts and Links to the Real Economy (2009)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)Business conditions and expected returns on stocks and bonds (1989)Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimation (1991)A Simple Model of Herd Behavior (1992)Rational herding in financial economics (1996)Mutual Fund Herding and the Impact on Stock Prices (1999)Herd Behavior in Financial Markets (2000)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors (1988)Predicting Excess Stock Returns Out of Sample: Can Anything Beat the Historical Average? (2007)Contrarian Investment, Extrapolation, and Risk (1993)Contrarian Investment, Extrapolation, and Risk (1994)Value-Enhancing Capabilities of CSR: A Brief Review of Contemporary Literature (2014)A model of investor sentiment / (1997)A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.1 (1998)A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)
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References

  • 2006Investor Sentiment and the Cross‐Section of Stock Returns6,234 cited
  • 1988Dividend yields and expected stock returns3,574 cited
  • 1977INVESTMENT PERFORMANCE OF COMMON STOCKS IN RELATION TO THEIR PRICE‐EARNINGS RATIOS: A TEST OF THE EFFICIENT MARKET HYPOTHESIS2,562 cited
  • 1998Value versus Growth: The International Evidence2,233 cited
  • 1993Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies1,259 cited
  • 1963The Investment, Financing, and Valuation of the Corporation958 cited
  • 1956Capital Equipment Analysis: The Required Rate of Profit897 cited
  • 1999Herding among Investment Newsletters: Theory and Evidence759 cited
  • 2000Asset Pricing at the Millennium734 cited
  • 1990Were Japanese Stock Prices Too High?300 cited
  • 1978What Determines Price-Earnings Ratios?275 cited
  • 1994P/E, P/B and the Present Value of Future Dividends143 cited
  • 1960Price-Earnings Ratios127 cited
  • 2019The Impacts of Interest Rate on Stock Market: Empirical Evidence from Dhaka Stock Exchange68 cited
  • 1996The P/E Multiple and Market Volatility56 cited

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  • 2006Decomposing the price-earnings ratio51 cited
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