..., a model should have specified the proper rate of return (Elbannan, 2015). The single index model, which Sharpe (1964) devised, is an approach where the return on a stock is correlated with the return on a common index, which can be the primary effect on stock returns. With the contribution of other...

...] . Demiralay and Kilincarslan (2019) showed a greater sensitivity of travel and leisure stock returns to geopolitical risks at times the industry performs poor, except for Asia and Pacific region that is the most resilient to geopolitical events. Furthermore, the present war triggered an increase in inflation...

... at: papanast@unipi.gr © Emerald Group Publishing Limited 2013 Overall, their findings indicate that the predictive power of external financing indicators for future stock returns is incremental to that of value/growth indicators, as it possibly reflects the implications of earnings management...

... forecasts. It may be used by academicians studying price optimism effects and institutional investors following stock returns during earnings announcements. © Emerald Group Publishing Limited 2005 Stock returns Price earning ratio Financial forecasting This study uses the differential...