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Distributional characteristics and proportionality of market-based security ratios

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  • Jukka Perttunen

    (University of Vaasa)

  • Teppo Martikainen

    (university of Vaasa)

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    Abstract

    The distributional characteristics and the proportionality of two market-based security ratios, the Earnings Yield and the Dividend Yield, are tested using Finnish data. The results indicate both of the ratios to be proportional in nature. However, being positively skewed, the Dividend Yield ratio requires transformation to achieve normality. This is due to the fact that this ratio has a technical limit to zero.

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    File URL: http://taloustieteellinenyhdistys.fi/images/stories/fep/f1990_2c.pdf
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    Bibliographic Info

    Article provided by Finnish Economic Association in its journal Finnish Economic Papers.

    Volume (Year): 3 (1990)
    Issue (Month): 2 (Autumn)
    Pages: 125-133

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    Handle: RePEc:fep:journl:v:3:y:1990:i:2:p:125-133

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    Web page: http://www.taloustieteellinenyhdistys.fi
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    Cited by:
    1. Landajo, Manuel & de Andres, Javier & Lorca, Pedro, 2007. "Robust neural modeling for the cross-sectional analysis of accounting information," European Journal of Operational Research, Elsevier, vol. 177(2), pages 1232-1252, March.

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