The relationship between earnings' yield, market value and return for NYSE common stocks: Further evidence

@article{Basu1983TheRB,
  title={The relationship between earnings' yield, market value and return for NYSE common stocks: Further evidence},
  author={S. Basu},
  journal={Journal of Financial Economics},
  year={1983},
  volume={12},
  pages={129-156}
}
  • S. Basu
  • Published 1983
  • Economics
  • Journal of Financial Economics
Abstract The empirical relationship between earnings' yield, firm size and returns on the common stock of NYSE firms is examined in this paper. The results confirm that the common stock of high E/P firms earn, on average, higher risk-adjusted returns than the common stock of low E/P firms and that this effect is clearly significant even if experimental control is exercised over differences in firm size. On the other hand, while the common stock of small NYSE firms appear to have earned… Expand
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