Bianconi, Marcelo; Yoshino, Joe Akira - In: Studies in Economics and Finance 34 (2017) 4, pp. 555-579
Purpose This paper aims to empirically investigate the market-to-book/return on equity valuation model. Design/methodology/approach The authors use a worldwide commodities sector panel of 6,323 firms from 69 countries with annual observations from 1999 to 2010 to estimate panel ordinary least...