Papers by Ume Salma Imran
This study attempts to investigate financial ratios’ predictive power, using the time series data... more This study attempts to investigate financial ratios’ predictive power, using the time series data over the period of 2008-2015 for 84 listed companies’ covering 29 sectors in Pakistan Stock Exchange (PSX). By selecting three different financial ratios; price to earnings (P/E), dividend yield (DY) and book-to-market ratio (B/M). The generalized least squares (GLS) technique is applied in the form of multiple linear regression models to test the relationship among all proposed variables. The results shows the three ratios hold a someway predictive power regarding stock returns in Pakistan Stock Exchange. Where (DY) is significant for 26 firms, (P/E) is significant for 20 firms and (B/M) is significant for 36 firms out of 84 listed companies.
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Papers by Ume Salma Imran