Stock Returns and Fundamentals in the Australian Market

Scrimgeour, Frank

doi:10.5296/ajfa.v6i1.5486

Cited by 26 publications

(31 citation statements)

References 32 publications

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“…A positive ROA coefficient also means that a higher value of ROA will give higher returns in the future. This result is in accordance with Muhammad and Scrimgeour's (2014) result, which also finds the relationship between the ROA variable and return.…”

Section: Results and Analysissupporting

confidence: 78%

“…The ROA variable is the variable that is used in many studies. One of these studies is done by Muhammad and Scrimgeour (2014). The ROA variable in this research is acquired based on portfolio formation of the yearly operating profit divided by total assets.…”

Section: Results and Analysismentioning

confidence: 99%

“…Muhammad and Scrimgeour (2014) used the ROA variable in their research to analyse the effect of the financial ratio on stock return in the Australian Stock Exchange. In their research, the ROA variable is defined as the difference between stock return on a portfolio with a high ratio of the yearly operating profit per total asset and stock return on a portfolio with a low ratio of the yearly operating profit per total asset.…”

Section: H1mentioning

confidence: 99%

“…Hou, et al (2014), on their factor-q model, use the monthly operating profit per total equity as the base for their formation of the profitability variable (ROE variable). On the other hand, Muhammad and Scrimgeour (2014) study stock return using several types of factors, one of which is profitability. Portfolio formation for the profitability variable in Muhammad and Scrimgeour's (2014) research uses the yearly operating profit per total asset (the ROA variable).…”

Section: Introductionmentioning

confidence: 99%

“…On the other hand, Muhammad and Scrimgeour (2014) study stock return using several types of factors, one of which is profitability. Portfolio formation for the profitability variable in Muhammad and Scrimgeour's (2014) research uses the yearly operating profit per total asset (the ROA variable).…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Competition and Cooperation in Economics and Business

Husodo¹,

Gitaharie²,

Gani³

et al. 2017

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Standard-Nutzungsbedingungen:Die Dokumente auf EconStor dürfen zu eigenen wissenschaftlichen Zwecken und zum Privatgebrauch gespeichert und kopiert werden.Sie dürfen die Dokumente nicht für öffentliche oder kommerzielle Zwecke vervielfältigen, öffentlich ausstellen, öffentlich zugänglich machen, vertreiben oder anderweitig nutzen.Sofern die Verfasser die Dokumente unter Open-Content-Lizenzen (insbesondere CC-Lizenzen) zur Verfügung gestellt haben sollten, gelten abweichend von diesen Nutzungsbedingungen die in der dort genannten Lizenz gewährten Nutzungsrechte. Although all care is taken to ensure integrity and the quality of this publication and the information herein, no responsibility is assumed by the publishers nor the author for any damage to the property or persons as a result of operation or use of this publication and/or the information contained herein. Business -Gani et al. (Eds) © 2018 Taylor & Francis Group, London, ISBN 978-1-138-62666-9 v Business -Gani et al. (Eds) © 2018 Taylor & Francis Group, London, ISBN 978-1-138-62666-9 ix Preface This book is one of the five volumes of proceedings that provides an opportunity for readers to engage with selected papers presented at the 1st Asia-Pacific Forum for Research in Social Sciences and Humanities (1st APRISH) conference held in Depok (Indonesia) on November 7-9, 2016. Quoting the theme of the conference "Competition and Cooperation in the Globalized World," this book would be a valuable contribution to get a better understanding of the future global challenges. Readers will find a broad range of research reports on topics ranging from globalization, poverty, population and some macroprudential perspectives on managing the risk of a more integrated world. One of the unique and valuable dimensions of this conference is the capability for blending the chemistries among educators, students, and researchers from around the world to discuss globalization in a broad spectrum. The reader will discover both common challenges and creative solutions emerge from very diverse settings. The relevance of the conference's theme, towards an evidence-based society, for a variety of disciplines, is reflected in the diverse range of papers that have been submitted for publication. These serve to demonstrate the natural attraction of the conference for sharing ideas and findings within an international community. Overall, the conference was undoubtedly very successful. Plenary lectures and presentations were successfully bridging the gap between the different fields of social sciences, making it possible for non-experts in a given area to gain insight into new areas. Also, among the speakers there were some young scientists, namely, doctoral, master's and undergraduate students, who bring new perspectives to their fields. Terms of use: Documents in EconStor may Competition and Cooperation in Economics and Competition and Cooperation in Economics andThe editors would like to thank all those who have contributed to submit full papers for this conference. We rece...

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Section: Results and Analysissupporting

confidence: 78%

Section: Results and Analysismentioning

confidence: 99%

Section: H1mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Competition and Cooperation in Economics and Business

Husodo¹,

Gitaharie²,

Gani³

et al. 2017

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Institutional Investor Field Research: The Company’s Fundamentals Are Driven by Investor Attention

Aliouat

Saci²

2023

Contributions to Finance and Accounting

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Is the Growth of Companies Influencing Their Financial Condition Depending on Their Size: S&P 500 Listed Companies Example

Bolek

Gniadkowska-Szymańska

2022

Asia-Pac Financ Markets

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The goal of this paper is related to the analysis of the earnings per share growth and the financial condition of companies as measured by Altman Z-Score Model and their relation. The research has been carried out on the example of S&P500 Index listed companies. The correlation and OLS panel data models with fixed effects were tested. The results indicate that the relationship between the EPS growth and Altman Z-Score is not linear and the smaller the company, the higher its growth index. In most of cases the growth of EPS influenced the Altman Z-scores in a positive way. On contrary in the group of medium size companies, EPS growth influenced the financial condition in a negative way. The article fills the gap related to the growth, the size and financial condition of the company that can improve if the management of growth is efficient.

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Stock Returns and Fundamentals in the Australian Market

Cited by 26 publications

References 32 publications

Competition and Cooperation in Economics and Business

Competition and Cooperation in Economics and Business

Institutional Investor Field Research: The Company’s Fundamentals Are Driven by Investor Attention

Is the Growth of Companies Influencing Their Financial Condition Depending on Their Size: S&P 500 Listed Companies Example

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