Abstract:Purpose: The purpose of this study is to ascertain which financial factors affect the price-to-earnings ratios of Canadian firms.
Methodology: A sample of 578 Canadian firms, across 11 industries, listed on the Toronto Stock Exchange during 2011 to 2018 is examined. Stock prices and financial statements accounts data is collected from S & P Capital IQ. We compute 27 financial factors to use as independent variables to regress on the price-to-earnings ratio dependent variables employing the Statistica… Show more
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