Corporate Governance and Expected Stock Returns: Empirical Evidence from Germany [German]

By Andreas Schillhofer

Based on his Corporate Governance Rating (CGR) for German firms, Andreas Schillhofer 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.

• Format: Paperback
• Language: German
• ISBN: 3824478889
• ISBN13: 9783824478880
• Release Date: August 2003
• Publisher: Deutscher Universitatsverlag
• Length: 190 Pages
• Weight: 0.58 lbs.
• Dimensions: 0.5" x 5.8" x 8.3"