Book to market ratio and expected stock return: an empirical study on the Colombo stock market

Riyath, M. I. M.; Jahfer, A.

dc.contributor.author	Riyath, M. I. M.
dc.contributor.author	Jahfer, A.
dc.date.accessioned	2016-11-09T09:43:28Z
dc.date.available	2016-11-09T09:43:28Z
dc.date.issued	2015-04
dc.identifier.citation	Journal of Management. Volume 12. No.1. pp 81-89.	en_US
dc.identifier.issn	1391-8230
dc.identifier.uri	http://ir.lib.seu.ac.lk/handle/123456789/1770
dc.description.abstract	The book to market capitalization of firms become one of the common risk factor on asset pricing models. The impact of book to market equity of firms on stock returns was initially found in US market and subsequently tested in many international markets both in developed and developing markets. However, the empirical test of value effect in Sri Lankan stock market seems hard to find in literature. Therefore, this study examines existence of value effect on stocks returns in the Colombo stock market as an emerging capital market. The analysis show a weak positive cross sectional relationship between stock return and Book to Market ratio of stock and existence of value effect.	en_US
dc.language.iso	en_US	en_US
dc.publisher	Faculty of Management and Commerce, South Eastern University of Sri Lanka.	en_US
dc.subject	Book to market equity ratio	en_US
dc.subject	Colombo stock market	en_US
dc.subject	Cross sectional relationship	en_US
dc.subject	Value effect	en_US
dc.title	Book to market ratio and expected stock return: an empirical study on the Colombo stock market	en_US
dc.type	Article	en_US