Διερεύνηση της σχέσης μεταξύ λογιστικών κερδών και χρηματιστηριακών αποδόσεων
The purpose of the current study was to measure the effect of accounting earnings on stock returns. Given that the performed analysis led to the conclusion that the relationship of the above parameters is not statistically significant, we extended our research to explore whether two other fundamental accounting parameters, namely book value and annual turnover, exert influence on stock returns. The empirical findings were once again negative, contrary to the findings of similar studies. A possible explanation could be the lack of efficiency of our stock market. However it the possibility that our findings were affected by the availability of the necessary data shouldn’t excluded. Also, the results of our study could be seriously affected by factors related to the time period of our sample.