LIBROS DEL AUTOR: andreas schillhofer

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  • Corporate Governance and Expected Stock Returns
    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. ...
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