This study deals with fundamentals of stock returns in Nepal. It examines if dividend yield, capital gain yield and total yield are related to earnings yield, size, book to market ratio and cash flow yield. The study is based on pooled cross sectional data of 40 enterprises whose stocks are...

The CAPM asserts that market betas are sufficient to explain the cross section of expected stock returns. However, beta showed either no relationship or a weak relationship with the expected stock returns when other company specific variables affecting stock returns are used. This study aims at...