Subject

Now showing items 1-1 of 1

Decomposing the earnings-to-price ratio and the cross-section of international equity-index returns

Umutlu, M.; Bengitoz, P.; Zaremba, A. (Routledge, 2021)

We examine whether components of the earnings-to-price (EP) ratio can be used to extract incremental information to better estimate future returns in the cross-section of country-industry indexes. We demonstrate that the ...