Determinants of the equity rate of return : a cross sectional analysis
Part of : Σπουδαί : journal of economics and business ; Vol.34, No.2, 1984, pages 217-222
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Pages:
217-222
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Abstract:
The purpose of this study is to examine empirically the extent to which changesin the equity rate of return across Greek companies can be explained by changesin those variables suggested by financial theories. Although there are some publishedempirical studies in a number of countries to the best of the presentauthor's knowledge no published study has used Greek company data. The paperis divided into four sections. The first section briefly explains the theoretical constructsused to develop the economic model. The second is concerned with thestatistical model and data while the third interprets the results found. The fourthand final section comments on the usefulness in general of empirical contributions.
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