รหัสดีโอไอ 10.14457/CU.the.2006.1816
Title The empirical analysis of returns predictability of financial rations in Asia-Pacific markets
Creator Taradol Vijakkit
Contributor 1. Manapol Ekkayokkaya
2. Anant Chiarawongse
Publisher Chulalongkorn University
Publication Year 2006
Keyword Rate of return ,Ratio analysis ,Stock-exchanges
Abstract This study investigates predictive ability of financial ratios; namely the dividend to price ratio (D/P) and earnings to price ratio (E/P), in ten Asia-Pacific markets. The sample used in this study covers the period January 1990 through December 2005. Return preductability is also analyzed separately the pre-crisis period (January 1990-June 1997) as well as the post-crisis period (January 2000-December 2005). This study found significant predictive power of the D/P and E/P ratios in Asia Pacific. For D/P, consistent predictive powers are found in both pre and post-crisis period in several countries. There is a likelihood that certain country-specific effects may partly influence the predictability of D/P. Comparing among countries that exhibit D/P predictability, D/P plays an important role in predicting returns in developed markets more than in emerging markets. In comparison to D/P, E/P is a less successful variable. Evidence of E/P predictability is inconsistent and varies across countries and periods. Over the full sample period, evidence of predictive power is stronger for developed markets than for emerging markets.
ISBN 9741434731
URL Website cuir.car.chula.ac.th
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บรรณานุกรม

Taradol Vijakkit และผู้แต่งคนอื่นๆ. (2006) The empirical analysis of returns predictability of financial rations in Asia-Pacific markets. Chulalongkorn University:ม.ป.ท.
Taradol Vijakkit และผู้แต่งคนอื่นๆ. 2006. The empirical analysis of returns predictability of financial rations in Asia-Pacific markets. ม.ป.ท.:Chulalongkorn University;
Taradol Vijakkit และผู้แต่งคนอื่นๆ. The empirical analysis of returns predictability of financial rations in Asia-Pacific markets. ม.ป.ท.:Chulalongkorn University, 2006. Print.