MCAP和市盈率对高β (β)和低β (β)公司的每股收益有影响吗?选择公司的协方差分析!

IF 2.3 Q2 ECONOMICS

Journal of Economics, Finance and Administrative Science Pub Date : 2021-11-01 DOI:10.12691/JFE-9-5-5

E. Rengasamy

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引用次数: 0

摘要

除其他指标外，每股收益(EPS)被认为是风险分析、财务业绩、增长和公司成功的可靠工具。目前的研究试图检验高贝塔和低贝塔公司是否产生了与风险相称的回报，也就是说，就股价回报和其他衡量标准而言，“风险越高，回报越高，风险越低，回报越低”。对高贝塔(14)和低贝塔(36)样本公司进行ANCOVA检验。研究结果提出了一些有趣的见解。根据现有文献，高贝塔公司的收益更高，低贝塔公司的收益更低。虽然MCAP(协变量)对因变量EPS有统计学显著影响，但P/E比率(协变量)对EPS没有显着影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Do MCAP and P/E Ratios Have an Impact on the EPS of High and Low Beta (β) Firms? An Analysis of Covariance on Select Companies!

Earnings Per Share (EPS), among other measures, is considered as a reliable tool of risk analysis, financial performance, growth, and success of companies. The current study attempts to examine if high and low-beta firms have yielded returns that commensurate with the risk, meaning, ‘the higher the risk, the higher the returns and the lower the risk, the lower the returns’, in terms of share price returns and other yardsticks. ANCOVA test was applied on the high-beta (14) and low-beta (36) sample companies. The results threw a few interesting insights. In conformity with the existing literature, high-beta firms yielded higher returns and low-beta firms, lower returns. While MCAP (Covariate) had a statistically significant influence on the dependent variable EPS, P/E ratio (Covariate) did not exhibit any significant influence on the EPS.

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来源期刊

Journal of Economics, Finance and Administrative Science Economics, Econometrics and Finance-Economics, Econometrics and Finance (all)

CiteScore

5.10

自引率

20.80%

发文量

审稿时长

12 weeks

期刊介绍： The Universidad ESAN, with more than 50 years of experience in the higher education field and post graduate studies, desires to contribute to the academic community with the most outstanding pieces of research. We gratefully welcome suggestions and contributions from business areas such as operations, supply chain, economics, finance and administration. We publish twice a year, six articles for each issue.