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Table of contents (7 chapters)
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About this book
Andreas Schillhofer investigates whether differences in firm-specific corporate governance also help to explain expected returns in a cross-section of firms within a single jurisdiction. Based on his Corporate Governance Rating (CGR) for German firms, the author documents a positive relationship between the CGR and firm value. In addition, there is strong evidence that expected returns are negatively correlated with the CGR if dividend yields and price-earnings ratios are used as proxies for the cost of capital.
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Bibliographic Information
Book Title: Corporate Governance and Expected Stock Returns
Book Subtitle: Empirical Evidence from Germany
Authors: Andreas Schillhofer
DOI: https://doi.org/10.1007/978-3-322-81560-6
Publisher: Deutscher Universitätsverlag Wiesbaden
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eBook Packages: Springer Book Archive
Copyright Information: Deutscher Universitäts-Verlag/GWV Fachverlage GmbH, Wiesbaden 2003
Softcover ISBN: 978-3-8244-7888-0Published: 28 August 2003
eBook ISBN: 978-3-322-81560-6Published: 08 March 2013
Edition Number: 1
Number of Pages: XXII, 190
Number of Illustrations: 9 b/w illustrations
Topics: Business Strategy/Leadership, Management