haku: @author Woolley, P. / yhteensä: 4
viite: 3 / 4
Tekijä: | Bostock, P. Woolley, P. |
Otsikko: | A new way to analyze international equity market performance |
Lehti: | Financial Analysts' Journal
1991 : JAN-FEB., p.32-38 |
Asiasana: | FINANCIAL ANALYSIS |
Kieli: | eng |
Tiivistelmä: | A new framework, that compares international equity returns, separates local returns into two components: 1) one reflecting changes in earnings and 2) one changes in the price paid for earnings - then incorporates real exchange movements and dividend income. The common-currency returns obtained allow the analyst to separate changes in underlying characteristics from changes in markets' valuations of those characteristics. |
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