Management sometimes exploits the quest of shareholders for higher return on equity capital, by taking advantage of accounting rules gaps or violating them. The Beneish earnings detection manipulation model, is an attempt to reveal such illegal or at least unethical practices. Evidence regarding the use of “creative” accounting practices, based on that model, during the massive equity fund rais...

stock return is usually considered to be affected by firm’s financial ratios as well as economic variables. fundamental method assume that stock returns is not solely related to the stock market. most result come from the company condition , industry situation and whole economy. in this paper, this relationship between stock return and fundamentals is studied using the data for 22 pharmaceutica...

ing earnings for shareholders. Return on equity measures net income less preferred dividends against total stockholder’s equity. The three primary drivers of ROE are better sales (or turnover), greater margins and higher debt levels, each of which can lead to a higher ROE. Although return on equity is a useful tool, it does not tell you what factors are helping or hurting the company’s performa...

Life-cycle or target-date funds have been gaining tremendous market share and were recently set as default choice of asset allocation in numerous defined contribution schemes or related old age provision products in many countries. Hence, an appropriate assessment of life-cycle funds’ risk-return profiles – i.e. the probability distribution of returns – is essential for sustainable financial pl...

H funds’ extensive use of derivatives, short selling, and leverage and their dynamic trading strategies create significant nonnormalities in their return distributions. Hence, the traditional performance measures fail to provide an accurate characterization of the relative strength of hedge fund portfolios. This paper uses the utility-based nonparametric and parametric performance measures to d...

This study aims to determine the effect of Current Ratio, Debt Equity and Return On Assets on Stock Returns in telecommunication services sub-sector companies listed Indonesia Exchange 2017-2021. research method is descriptive quantitative. data source uses secondary form financial statements from each telecommunications The used this multiple linear regression using EVIEWS 9 application. resul...