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2 edition of Accounting and environmental determinants of stock returns. found in the catalog.

Accounting and environmental determinants of stock returns.

Nicholas John Collett

Accounting and environmental determinants of stock returns.

by Nicholas John Collett

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  • 10 Currently reading

Published by University of Manchester in Manchester .
Written in English


Edition Notes

Manchester thesis (Ph.D.), Faculty of Business Administration.

ContributionsUniversity of Manchester. Faculty of Business Administration.
The Physical Object
Pagination352p.
Number of Pages352
ID Numbers
Open LibraryOL16572581M

Accounting-based valuation methods, determinants of market-to-book ratios, and implications for financial statement analysis @inproceedings{BernardAccountingbasedVM, title={Accounting-based valuation methods, determinants of market-to-book ratios, and implications for financial statement analysis}, author={Victor L. Bernard}, year={} }.   Review of Accounting Studies provides an outlet for significant academic research in accounting including theoretical, empirical, and experimental work. The journal is committed to the principle that distinctive scholarship is rigorous. While the editors encourage all forms of research, it must contribute to the discipline of accounting.

Common stock. When a company such as Big City Dwellers issues 5, shares of its $1 par value common stock at par for cash, that means the company will receive $5, (5, shares × $1 per share). The sale of the stock is recorded by increasing (debiting) cash and increasing (crediting) common stock by $5, Board, J. L. G., Walker, M. “Intertemporal and Cross-Sectional Variation in the Association between Unexpected Accounting Rates of Return and Abnormal Returns.” Journal of Accounting Research (Spring ), –

Abstract: Accounting-basedfinancial ratios Return-on-Assets (ROA) and Return-on-Equity (ROE) are among the most widely used indicators by investors, creditors and managers in order to evaluate firms’ managerial performance. This study aims to investigate the determinants of . CiteScore: ℹ CiteScore: CiteScore measures the average citations received per peer-reviewed document published in this title. CiteScore values are based on citation counts in a range of four years (e.g. ) to peer-reviewed documents (articles, reviews, conference papers, data papers and book chapters) published in the same four calendar years, divided by the number of.


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Accounting and environmental determinants of stock returns by Nicholas John Collett Download PDF EPUB FB2

all relevant determinants, stock returns is important for b oth general investors and stakeholders of S. Corporate Environmental Accounting and Reporting Challenges. Seven macroeconomic variables and 15 accounting identities are hypothesised to explain stock returns, using a stepwise multiple regression procedure.

Three macrovariables, GDP, real interest rates, and an exchange rate variable, together with four accounting variables are found to explain 3 month returns in an estimation sample. determinants of stock return of quoted companies in Nigeria. Review of Theoretical Literature: Stock Return Firms are generally free to select the level of stock return (dividend) they wish to pay to holders of ordinary shares, although factors such as legal requirements, debt covenants and the availability ofCited by: 6.

Five environmental factors are used to explain the variation observed in disclosure requirements of the different stock exchanges.

The five factors examined are: degree of economic development, type of economy, size of the equity market, activity on the equity market, and dispersion of stock ownership in the equity by:   A number of empirical studies show that the cross-section of stock returns is strongly associated with the factors of market capitalization, book-to-market equity ratio, return momentum, and liquidity.

Prior literature also suggests that the higher-order co-moments of returns are associated with the cross-section of stock by: 2. We follow Bharadwaj et al. () to calculate Tobin's q (5) q = MVE + Preferred Stock + Debt / Total Assets where MVE is the market value of equity, Preferred Stock is the liquidating value of outstanding preferred stock, Debt equals current liabilities minus current assets plus the book value of inventories plus long-term debt, Total.

Returns to Buying Earnings and Book Value: Accounting for Growth and Risk This paper documents that earnings-to-price (E/P) and book-to-price (B/P) jointly predict stock returns in a way that is consistent with rational pricing of risk.

The documented returns, from a joint sort on E/P and B/P, have been trolled many times by. The Determinants of Stock and Bond Return Comovements realized quarterly correlations measured using daily excess returns and a data-implied low-frequency correlation based on the bivariate DCC-MIDAS model of Colacito, Engle, and Ghysels ().

We defer technical details about this. CHAPTER ONE INTRODUCTION BACKGROUND TO THE STUDY The market for audit services has been recognize to be segmented into varying sub-markets or sub-sectors of an economy. Empirical researchers have shown that the concentration has been as the private sector market than in the public sector.

Prices paid to the external auditors for audit services. You should buy it because the stock is under-priced Common stock valuation: estimate the expected rate of return given the market price for a constant growth stock Expected return = expected dividend yield + expected capital gains yield g P D g g P D rs 0 0 0 1.

firm size, and market to book value ratio, influenced stock return. All of the variables influenced it positively. The results show that the intercept was for all years. The study found that the coefficient for earnings management wasmeaning that earnings management positively and significantly influenced the Stock return.

Accounting-based valuation methods, determinants of market-to-book ratios, and implications for financial statement analysis. Bernard, Victor L. (Victor Lewis) Subject(s): Working paper (University of Michigan. Business School. Faculty Research) ; -- no. Cauchie et al. () address the issue of the determinants of stock returns in a small, open economy.

They adopt the APT (arbitrage pricing theory) to model Swiss stock returns and present. DETERMINANTS OF SHARE PRICES IN THE NIGERIAN STOCK MARKET. CHAPTER ONE. INTRODUCTION. Background to the study. In the wake of the financial scandals and economic disintegration witnessed in Nigeria where billions of Naira worth of investment and retirement wealth has been lost (Oyerinde, ), the very integrity and survivability of the capital market has been called to.

significant effect on stock returns. The main goal of the company is to increase the value of the company. The value of the company will be guaranteed to grow sustainably if the company pays attention to economic, social and environmental dimensions because sustainability is a balance between economic, environmental and community interests.

run stock price determinants. The validity of the stock price model is further tested by examining its forecasting properties and its potential use of exploiting profitable trading strategies.

Its forecasting errors are found to be substantially lower than applying a no-change model. In other words, the model presented clearly beats a random. Returns inwards are goods returned to the selling entity by the customer, such as for warranty claims or outright returns of goods for a credit.

For the customer, this results in the following accounting transaction. A debit (reduction) of accounts payable. A credit (reduction) of purchased inventory.

Returns inwards do not necessarily result in a reduction of the cost of goods sold, since. The price-to-earnings ratio, often called the PE ratio, is the ratio of market price per share to annual earnings per share for a company's stock.

It measures the payback period for your. The purpose of this paper is to evaluate how much influence good corporate governance (GCG) has on corporate value, as well as moderating effect of stock return and financial performance on the influence of GCG on corporate value.,This study was an explanatory study.

The unit of analysis was the companies listed in LQ45 in Indonesian Stock Exchange and the sources of data were ICMD. Systematic risk determinants of stock returns after financial crisis 5 other risk factors related to firm-scale and firm value.

The result showed that bond and stock returns variations and the cross-sectional average returns is explained by all factors explains with. Macro and micro determinants of seasoned equity offerings and issuer stock market performance Finance while the abnormal returns using market-to-book and firm size matched firms as The impact of past month stock return on announcement effect annually during.rate of return is the average of +% and %, or +25%.

But an asset purchased for $ and having a value of $ two years later did not ' earn 25%; it clearly earned a zero return. The arithmetic average of successive one-period returns is obviously not equal to the true rate of return.accounting or book value estimates of value.

Note also the categorization of assets in this balance sheet into assets in place and growth assets, thus setting up the two basic questions to which we need answered in both corporate finance and valuation: accounting returns can be categorized accordingly.

a. Return on Invested Capital.