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Title: Fundamental analysis, stock returns and high B/M companies
Authors: Kourtis, G. P.
Κourtis, E. P.
Kourtis, M. P.
Curtis, P. G.
Keywords: Stock exchanges -- North America
Stock companies -- North America
Stock companies -- Finance -- North America
Financial statements -- North America
Financial services industry -- North America
Issue Date: 2017
Publisher: Eleftherios Thalassinos
Citation: Kourtis, G. P., Κourtis, E. P., Kourtis, M. P., & Curtis, P. G. (2017). Fundamental analysis, stock returns and high B/M companies. Fundamental analysis, stock returns and high B/M companies, 5(4), 3-18.
Abstract: Ιn this paper we initially estimate the financial performance of high BM companies based on the analysis of profitability, liquidity-leverage and operating efficiency ratios. The performance of the specific group as a whole, was found to be quite poor and that is why it is reflected in a high BM ratio score for the companies involved. The research then showed that a portfolio of the best performing high BM companies, chosen through the F-score mechanism, exhibits a statistically significant higher mean of market-adjusted as well as raw returns, compared to any other type of classification of the companies of the category. The research was conducted for the period 2010-2015 and applied to companies listed in the North America Stock Exchange Markets.
ISSN: 23817356
Appears in Collections:IJEBA, Volume 5, Issue 4

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