Market multiples and stock returns among emerging and developed financial markets
This paper compares the impact of market multiples on stock returns between emerging (ASEAN) and developed (European) financial markets. A t-test, fixed effects, and GMM are applied to a sample of 4725 firms for fifteen years. The findings show that market multiples differ across emerging and develo...
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| Format: | Article |
| Language: | English |
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Elsevier
2021-03-01
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| Series: | Borsa Istanbul Review |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2214845020300375 |