Browsing School of Business by Author "0cf3334b-ed78-4f35-9bdf-28fec0e5e271"
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Predictability Of Stock Returns Using Valuation Ratios: Empirical Evidence From Nairobi Securities Exchange
Pole, Teddy Yanga (University of Nairobi, 2019)The use of valuation ratios as determinants of stock returns is widely being acknowledged. Seminal works present evidence of a return advantage on stocks with high earnings yield, book to market and dividend yield ratios. ...