Corporate Governance and Expected Stock Returns

Empirical Evidence from Germany

Paperback Duits 2003 2003e druk 9783824478880
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Based on his Corporate Governance Rating (CGR) for German firms, Andreas Schillhofer documents a positive relationship between the CGR and firm value. In addition, there is strong evidence that expected returns are negatively correlated with the CGR if dividend yields and price-earnings ratios are used as proxies for the cost of capital.

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ISBN13:9783824478880
Taal:Duits
Bindwijze:Paperback
Aantal pagina's:190
Druk:2003

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          Corporate Governance and Expected Stock Returns