We study market-to-book ratios of stocks in the context stochastic portfolio theory. Functionally generated portfolios that depend on auxiliary economic variables other than relative capitalisations (“sizes”) are developed two ways, together with their returns respect to market. This enables us identify value factor (i.e., ratio) such when stocks’ book values. Examples portfolios, as well empir...

The study analysed the importance of corporate governance practices in strengthening relationship between retention policy and firm value from 2008 – 2018. adopted descriptive survey design used secondary data. population comprised 78 listed manufacturing firms on Nigeria Stock Exchange as at end Purposive sampling technique was to select with up-to-date published financial data whose stocks we...

Financing decisions is one of the important areas in financial management to increase shareholder’s wealth. To determine how managers achieve this object, it can say performance measurement of company. In this paper we have studied the issue of whether the capital-structure decision impacts firms’ performance. For this reason, we used 3 definition of capital structure in scope of book value to ...

This paper explores whether a “value” investing strategy based upon different specifications of the residual income valuation model is riskier than a "growth" investing strategy. The paper motivates such an investigation by noting that, consistent with previous empirical work, the Ohlson (1995) model undervalues (overvalues) low (high) book-to-market stocks, whilst the Feltham-Ohlson model unde...

eremurus and forage are main by-products in the khazangah rangelands of makoo region. eremurus is harvested and used by local people in a period of 30 days during the spring in this region. at this study, eremurus and forage have been evaluated financially and the data were obtained through field work using unstructured interviews as well as direct observation. the harvested eremurus value was ...