Η επίδραση του δείκτη Τιμή / Κέρδος στις αποδόσεις των μετοχών
The influence of the ratio P/E to the share returns
![Thumbnail](/xmlui/bitstream/handle/unipi/11418/Sklavounou_15024.pdf.jpg?sequence=8&isAllowed=y)
View/ Open
Keywords
Τιμή / κέρδος ; Price-earnings ratio ; Επίδραση του δείκτη τιμή / κέρδος ; P/E ratio ; Αποδόσεις μετοχώνAbstract
The purpose of this dissertation is to examine the relationship between the P/E ratio and the stock returns. Considering the daily closing prices of 168 shares traded on the German stock market (DAX 30) for the period December 31, 1999 - July 6, 2018, the study investigates the P/E phenomenon. The applied methodology performs correlation analysis and regression analysis, while the data are further examined for autocorrelation and heteroscedasticity.
The results of the dissertation document the existence of a correlation between P/E and future stock returns.