Variables | R | EPS/Pt−1 | ΔEPS/Pt−1 |
---|
Rit | 1.0000 | | |
EPS/Pt−1 | 0.1017 | 1.0000 | |
ΔEPS/Pt−1 | 0.0870 | 0.6238 | 1.0000 |
- Rit is the stock return for i companies in t year, EPS refers to the earning per share, and ΔEPS is the change in the earning per share. The EPS/Pt−1 refers to earnings level variable, and ΔEPS/Pt−1 refers to the change in earnings, Pt−1 refers to the market price at the beginning of the period of each year, as all sample companies end their fiscal year on 31/12 each year