出版社：LLC “Consulting Publishing Company “Business Perspectives”
摘要：The paper examines the relationship between selected company characteristics and com?mon stock returns. The empirical results suggest using both market-based as well as non market based measures of company size that there is a strong size effect in the Indian stock market. We also detect a weak value effect in stock returns, especially when E/P ratio is employed as a relative distress proxy. The study further finds that the present stock classification system in India fails to differentiate in returns on different categories of stocks. We recommend an alternative stock clas?sification system based on company size and relative distress. The proposed classification proce?dure will provide better insights to investors about the risk-return characteristics of common stocks.
