Contents

Evolution of Earnings-to-price Ratios: International Evidence

Eun, C.S. / Lee, Jinsoo

DC FieldValueLanguage
dc.contributor.authorEun, C.S.-
dc.contributor.authorLee, Jinsoo-
dc.date.available2018-12-06T04:45:24Z-
dc.date.created2018-01-02-
dc.date.issued2010-07-
dc.identifier.issn1044-0283-
dc.identifier.urihttps://archives.kdischool.ac.kr/handle/11125/28744-
dc.identifier.uri10.1016/j.gfj.2010.06.001-
dc.description.abstractIn this paper, we examine the pattern of historical evolution of international earnings-to-price ratios for a sample of 17 developed markets over the period 1980-2008. Using a measure of distance between earnings-to-price ratios of international stock markets, we find that earnings-to-price ratios of 17 markets have significantly converged toward each other during the sample period. Specifically, the average distance for our sample markets has decreased by about 70. % during this period. Our analysis indicates that the convergence in earnings-to-price ratios reflects increasing capital market integration rather than more alignment in industrial structure among these markets. © 2010.-
dc.languageEnglish-
dc.publisherElsevier-
dc.subjectEarnings-to-price ratio-
dc.subjectConvergence-
dc.subjectCapital market integration-
dc.titleEvolution of Earnings-to-price Ratios: International Evidence-
dc.typeArticle-
dc.identifier.bibliographicCitationGlobal Finance Journal, v.21, no.2, pp.125 - 137-
dc.description.journalClass1-
dc.description.isOpenAccessN-
dc.citation.endPage137-
dc.citation.number2-
dc.citation.startPage125-
dc.citation.titleGlobal Finance Journal-
dc.citation.volume21-
dc.contributor.affiliatedAuthorLee, Jinsoo-
dc.identifier.doi10.1016/j.gfj.2010.06.001-
dc.identifier.scopusid2-s2.0-77955985343-
dc.type.docTypeArticle-
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