Prediction of Stock Returns for Growth Firms-A Fundamental Analysis (Record no. 31034)

MARC details
000 -LEADER
fixed length control field 02151pab 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 Sha
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Sharma Meena
245 ## - TITLE STATEMENT
Title Prediction of Stock Returns for Growth Firms-A Fundamental Analysis
250 ## - EDITION STATEMENT
Edition statement 3
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication, distribution, etc.
Name of publisher, distributor, etc. Jul - Sep 2009
Date of publication, distribution, etc. 0
300 ## - PHYSICAL DESCRIPTION
Extent 31-40 Pp.
490 ## - SERIES STATEMENT
Volume/sequential designation 13
520 ## - SUMMARY, ETC.
Summary, etc. This paper examines whether fundamental analysis involving two set of signals named traditional and growth, when applied on growth stock it differentiates the extreme performers. Attempt is also made to investigate if fundamentally strong firms earn significant excess returns in identifying which set of signals are more effective in differentiating fundamentally strong and weak firms. The study is conducted on the sample of 180 low book to market firms listed with National Stock Exchange, during the period 1998 to 2007. Traditional fundamental signals depicting firm's profitability, cash performance, operating efficiency and liquidity are applied to the set sample firms. The score based on traditional signals is F̱score and results show that F̱score strategy is statistically insignificant in differentiating the returns of high and low group firms. Growth signals related with the firm's earnings, growth, research and development, capital expenditure and advertising expenditure are applied to the set of the sample firms. The score based on the growth signals is G̱score and it shows effectiveness of this investment strategy as compared with the strategy based on traditional fundamental signals in one and two year ahead period. The results indicate that fundamental analysis based on growth signals is very successful in differentiating between the firms that are likely to perform well in future and may perform poorly among the low book to market firms.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name as entry element Stock Returns, Growth Stocks
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="http://192.168.6.13/libsuite/mm_files/Articles/AR11240.pdf">http://192.168.6.13/libsuite/mm_files/Articles/AR11240.pdf</a>
906 ## - LOCAL DATA ELEMENT F, LDF (RLIN)
a 33702
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 16/01/2010 0.00   Sha AR11240 23/09/2014 0.00 23/09/2014 Articles

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