Can Fundamentals Predict Japanese Stock Returns? - A test involving Japanese manufacturing and non-manufacturing companies over the 1971-88 period indicates that earnings yield, size. book-to-market ratio and cash flow yield have significant relationships to expected returns.
| Year of publication: |
1993
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|---|---|
| Authors: | Chan, Louis K.C. ; Hamao, Yasushi ; Lakonishok, Josef |
| Published in: |
Financial analysts' journal : FAJ. - Charlottesville, Va : CFA Institute, ISSN 0015-198X, ZDB-ID 2194090. - Vol. 49.1993, 4, p. 63-69
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