Neural Networks and Rules-based Systems used to Find Rational and Scientific Correlations between being Here and Now with Afterlife Conditions
Neural Networks and Rules-based Systems used to Find Rational and
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This paper investigates for a value effect in Egyptian firm returns using three different ways to determine value by sorting firms based on their past long-term returns (long-term contrarian), the book-to-market ratios (BE/ME), and the percentage changes in their BE/ME ratios (change). These three strategies are approaches commonly used to measure for value effect. Using sample period from January 1997 to April 2014, this study provides a strong evidence of an inter-firm value effect with three measures. The long-term return contrarian and BE/ME, produce significant abnormal raw returns of 2.18% and 2.01%, respectively. On the other hand, the percentage changes in their BE/ME provides weakly significant profits of 1.08% per month. This paper also shows that the value profits generated by all three alternative value strategies in Egyptian stock market can be explained by three-factor model.
Omar Gharaibeh. 2016. \u201cThe Firm Value Effect: Evidence from Egypt\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 16 (GJMBR Volume 16 Issue C7): .
Crossref Journal DOI 10.17406/GJMBR
Print ISSN 0975-5853
e-ISSN 2249-4588
The methods for personal identification and authentication are no exception.
The methods for personal identification and authentication are no exception.
Total Score: 101
Country: Jordan
Subject: Global Journal of Management and Business Research - C: Finance
Authors: Omar Gharaibeh (PhD/Dr. count: 0)
View Count (all-time): 111
Total Views (Real + Logic): 3667
Total Downloads (simulated): 1805
Publish Date: 2016 08, Wed
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This paper investigates for a value effect in Egyptian firm returns using three different ways to determine value by sorting firms based on their past long-term returns (long-term contrarian), the book-to-market ratios (BE/ME), and the percentage changes in their BE/ME ratios (change). These three strategies are approaches commonly used to measure for value effect. Using sample period from January 1997 to April 2014, this study provides a strong evidence of an inter-firm value effect with three measures. The long-term return contrarian and BE/ME, produce significant abnormal raw returns of 2.18% and 2.01%, respectively. On the other hand, the percentage changes in their BE/ME provides weakly significant profits of 1.08% per month. This paper also shows that the value profits generated by all three alternative value strategies in Egyptian stock market can be explained by three-factor model.
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