Παράγοντες που επηρεάζουν τις αποδόσεις των μετοχών
This study examines the returns of the stocks of the German Market and their relationship with the ratios: BV/MVE (book value to market value), MVE (market value of equity), S/MVE (sales to market value of equity), D/MVE (debt to market value of equity). It is based to the study of Leledakis, Davidson (2001) in which was examined this relationship, to the London Stock Exchange. Moreover the purpose of the study is to confirm the results of Fama και French (1992) especially with the ratios BV/MVE και MVE and the findings of Mukherji και Raines (1996) relatively with the ratios S/MVE και D/MVE. In this attempt firstly is applied the methodology of Fama και French (1992) in constructing portfolios and secondly the methodology of Fama και Macbeth (1973) which uses cross sectional regressions combining with time series.