Johnson, R Stafford; Fiore, Lyle C; Zuber, Richard - In: The Financial Review 24 (1989) 3, pp. 499-505
In this paper, the relationship between the investment performances of equity securities and their price-earnings ratios is examined using an approach similar to the one employed by S. Basu in a 1977 paper. From the tests, the authors conclude that, from 1979 through 1984, there were some...