預期股票報酬之橫段面分析：以越南胡志明股票市場為實證

The Cross Section of the Expected Stock Return in HoChiMinh Stock Exchange - Case of Vietnam

裴世勇(Bui-The Dung)

指導教授 ： 張阜民 ； 王言

朝陽科技大學/管理學院/財務金融系/碩士(2013年)

摘要

無

關鍵字

橫斷面 ； 預期股票報酬 ； 胡志明市證券交易所 ； 企業特徵

並列摘要

ABSTRACT

This paper investigates the cross-sectional relationship between stock returns and firm-specific characteristics in the HoChiMinh Stock Exchange from January 2007 to December 2011. Firstly, we found that beta have flat effect to the expected of stock return even it is only explanatory variable. Secondly, we found the diffident results with the other market. Book to market ratio and earning per price have the most significant and effect in stock returns in whole period. In the up-quarter market, except firm size, the all of variables are significant with expected stock returns but in the down quarter they are insignificant.

並列關鍵字

HoChiMinh stock exchange ； expected stock returns ； Cross section ； firm characteristics

參考文獻

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