The usefulness of earnings and cash flows in valuing security returns: empirical evidence for the U.K, U.S.A and France.
PhD thesis
Stephanou, M. 2005. The usefulness of earnings and cash flows in valuing security returns: empirical evidence for the U.K, U.S.A and France. PhD thesis Middlesex University Business School.
Type | PhD thesis |
---|---|
Title | The usefulness of earnings and cash flows in valuing security returns: empirical evidence for the U.K, U.S.A and France. |
Authors | Stephanou, M. |
Abstract | In this dissertation, I proposed to examine and test empirically six major hypotheses that relate to the role of financial information, namely earnings and cash flows, in three major capital markets, two Anglo-Saxon, the UK and the USA and one code law country, France. A theoretical framework is developed to set the groundwork for building up my research hypotheses. I hypothesize that the homogeneity across firms may not hold, due to firm-specific, industry-specific, and country specific differences across firms. The dataset consists of 36,695 USA, 4,234 UK and 1,181 French firm-year observations over the period 1990-98. Multivariate statistical regression analysis is undertaken to test the major research hypotheses. |
Department name | Business School. |
Institution name | Middlesex University |
Publication dates | |
29 Sep 2010 | |
Publication process dates | |
Deposited | 29 Sep 2010 |
Completed | Nov 2005 |
Output status | Published |
Additional information | Degree awarded by Middlesex University, submitted in partial fulfilment of the Ph.d requirements. |
Language | English |
File |
https://repository.mdx.ac.uk/item/82zx7
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