Portfolio Performance in Relation to Price Earning Ratio : A Test of Efficiency under Different Economic Conditions (Record no. 28341)

MARC details
000 -LEADER
fixed length control field 01685pab a2200205 454500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 140923b0 xxu||||| |||| 00| 0 eng d
040 ## - CATALOGING SOURCE
Transcribing agency Welingkar Institute of Management Development & Research, Mumbai
Original cataloging agency Welingkar Institute of Management Development & Research, Mumbai
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title ENG
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number
Item number Dha
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Dhankar Raj S
245 ## - TITLE STATEMENT
Title Portfolio Performance in Relation to Price Earning Ratio : A Test of Efficiency under Different Economic Conditions
250 ## - EDITION STATEMENT
Edition statement 1
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc.
Name of publisher, distributor, etc. Jan 2007
Date of publication, distribution, etc. 0
300 ## - PHYSICAL DESCRIPTION
Extent 37-45 Pp.
490 ## - SERIES STATEMENT
Volume/sequential designation 13
520 ## - SUMMARY, ETC.
Summary, etc. Price earning ratios are widely applied by investors to make investment decisions and to determine the future behavior of stock price. This paper measures the performance of a set of portfolios which are based on P/E of stocks. The study examines the monthly price-earning ratio of BSE 100 companies, for the period June 1996 to May 2005, and three non-overlapping sub-periods (June 1996-December 1999, January 2000-December 2002, and January 2003-May 2005). The paper found no consistency between the portfolios' expected return and their corresponding P/E ratios. It is observed that the stock market failed to reflect instantaneous response pertaining to earnings information. However, during the pool and sub-periods, the relationship between portfolio expected return and market risk is found to be positive and significant. These findings question the efficient market hypothesis but hold the application of the capital asset pricing model in the Indian stock market.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Price Earning Ratio, Investments,
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="http://192.168.6.13/libsuite/mm_files/Articles/AR8425.pdf">http://192.168.6.13/libsuite/mm_files/Articles/AR8425.pdf</a>
906 ## - LOCAL DATA ELEMENT F, LDF (RLIN)
a 24788
Holdings
Withdrawn status Lost status Damaged status Not for loan Home library Current library Date acquired Cost, normal purchase price Total Checkouts Full call number Barcode Date last seen Cost, replacement price Price effective from Koha item type
        Main Library Main Library 13/02/2007 0.00   Dha AR8425 23/09/2014 0.00 23/09/2014 Articles

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