%0 Journal Article %1 barbee1996 %A Barbee, William C. %A Mukherji, S. %A Raines, Gary A. %D 1996 %J Financial Analysts Journal %K factor-investing sales-to-prices %N 2 %P 56-60 %R 10.2469/faj.v52.n2.1980 %T Do Sales–Price and Debt–Equity Explain Stock Returns Better than Book–Market and Firm Size? %V 52 %X During the 1979-91 period, the sales-price ratio and the debt-equity ratio had greater explanatory power for stock returns than either the book-market value of equity ratio or the market value of equity. Furthermore, the sales-price ratio captures the role of the debt-equity ratio in explaining stock returns. Neither the book-market value of equity ratio nor the market value of equity has consistent explanatory power for stock returns, and the sales-price ratio is a more reliable explanatory factor.

@article{barbee1996, abstract = {During the 1979-91 period, the sales-price ratio and the debt-equity ratio had greater explanatory power for stock returns than either the book-market value of equity ratio or the market value of equity. Furthermore, the sales-price ratio captures the role of the debt-equity ratio in explaining stock returns. Neither the book-market value of equity ratio nor the market value of equity has consistent explanatory power for stock returns, and the sales-price ratio is a more reliable explanatory factor.}, added-at = {2019-04-04T20:17:42.000+0200}, author = {Barbee, William C. and Mukherji, S. and Raines, Gary A.}, biburl = {https://www.bibsonomy.org/bibtex/22bc16d1ecc2f3448db3f4769ec2e6073/antoinefalck}, doi = {10.2469/faj.v52.n2.1980}, interhash = {adc3d9971fedeb728c0fa71074d9850b}, intrahash = {2bc16d1ecc2f3448db3f4769ec2e6073}, journal = {Financial Analysts Journal}, keywords = {factor-investing sales-to-prices}, number = 2, pages = {56-60}, timestamp = {2019-10-14T17:02:00.000+0200}, title = {Do Sales–Price and Debt–Equity Explain Stock Returns Better than Book–Market and Firm Size?}, volume = 52, year = 1996 }