Browsing School of Business by Subject "The effect of earnings yield on the stock returns of firms listed at the Nairobi Securities Exchange"
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The effect of earnings yield on the stock returns of firms listed at the Nairobi Securities Exchange
(University of Nairobi, 2020)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. ...