Eun, Cheol S.; Lee, Jinsoo - In: Global Finance Journal 21 (2010) 2, pp. 125-137
In this paper, we examine the pattern of historical evolution of international earnings-to-price ratios for a sample of 17 developed markets over the period 1980-2008. Using a measure of distance between earnings-to-price ratios of international stock markets, we find that earnings-to-price...
