Imagen del editor

The Excess Stock Returns of Energy Companies: A Comparative Analysis (Paperback)

Konstantinos Tsanis

ISBN 10: 3639258606 / ISBN 13: 9783639258608
Editorial: VDM Verlag, Germany, 2010
Nuevos Condición: New Encuadernación de tapa blanda
Librería: The Book Depository EURO (London, Reino Unido)

Librería en AbeBooks desde: 29 de abril de 2014

Cantidad disponible: 1

Comprar nuevo
Precio: EUR 73,49 Convertir moneda
Gastos de envío: EUR 3,41 De Reino Unido a Estados Unidos de America Destinos, gastos y plazos de envío
Añadir al carrito

Descripción

Language: English . Brand New Book. The study benchmarks the risk-return relationship between two countries: Kazakhstan (yet to develop) and Canada (developed). The approach taken in this paper uses the capital asset pricing model, a single factor model and a multi factor model to examine the relationship between different risk factors and stock returns. The results show that Kazakh companies outperformed those working in Canada; exclusion of two companies with abnormal stock returns changes the picture. The main conclusion of the paper is that the CAPM beta explains the excess stock returns of Kazakh companies. In addition, the research does not denote the statically significant relationship between market capitalization, P/E Ratio and firms beta and excess stock returns. The research finds the evidence of pricing of the leverage risk in Kazakhstan. In addition, the paper finds that the combination of the following factors - beta coefficient, firm s Debt-to-Equity Ratio, firm s Market Value and Price/Earning Ratio, has strong explanatory power for the excess stock returns. However, the same set of factors cannot explain the company s beta coefficient. N° de ref. de la librería KNV9783639258608

Hacer una pregunta a la librería

Detalles bibliográficos

Título: The Excess Stock Returns of Energy Companies...

Editorial: VDM Verlag, Germany

Año de publicación: 2010

Encuadernación: Paperback

Condición del libro:New

Acerca de

Reseña del editor:

The study benchmarks the risk-return relationship between two countries: Kazakhstan (yet to develop) and Canada (developed). The approach taken in this paper uses the capital asset pricing model, a single factor model and a multi factor model to examine the relationship between different risk factors and stock returns. The results show that Kazakh companies outperformed those working in Canada; exclusion of two companies with abnormal stock returns changes the picture. The main conclusion of the paper is that the CAPM beta explains the excess stock returns of Kazakh companies. In addition, the research does not denote the statically significant relationship between market capitalization, P/E Ratio and firms' beta and excess stock returns. The research finds the evidence of pricing of the leverage risk in Kazakhstan. In addition, the paper finds that the combination of the following factors - beta coefficient, firm's Debt-to-Equity Ratio, firm's Market Value and Price/Earning Ratio, has strong explanatory power for the excess stock returns. However, the same set of factors cannot explain the company's beta coefficient.

"Sobre este título" puede pertenecer a otra edición de este libro.

Descripción de la librería

The Book Depository - bookdepository.com - is the UK's largest dedicated online bookseller offering the largest range of titles in the world, available for dispatch within 48 hours. Founded in 2004 to make 'All Books To All' we focus on selling 'less of more' rather than 'more of less', differentiating ourself from other retailers who increasingly focus on bestsellers. All books available to All Currently, The Book Depository is able to ship over 4 million unique titles, within 48 hours, from our fulfillment centre in Gloucester, United Kingdom. This figure is increasing everyday. Apart from publishers, distributors and wholesalers, we even list and supply books from other retailers!

Ver la página web de la librería

Condiciones de venta:

All books are shipped in New condition promptly, we are
happy to accept returns up to 30 days from purchase. Orders
usually ship within 1-2 business days. Domestic Shipments
are sent by Royal Mail, and International by Priority
Airmail. We are happy to accept returns up to 30 days from
purchase.

¿ Name of business : The Book Depository Ltd
¿ Form of legal entity : A Limited Company
¿ Business address: The Book Depository, Thames Central, Hatfield Road,
Slough, Berkshire, SL1 1QE
¿ Email address:...

Más información
Condiciones de envío:

Orders usually ship within 1-2 business days. Domestic Shipments are sent by Royal
Mail, and International by Priority Airmail. Orders usually ship within 1-2
business days. Domestic Shipments are sent by Royal Mail, and International by
Priority Airmail. We are happy to accept returns up to 30 days from purchase.
Please contact the seller directly if you wish to return an order.

Todos los libros de esta librería

Métodos de pago
aceptados por la librería

Visa Mastercard American Express Carte Bleue