Distress risk, book to market equity and stock returns : the case of the Moroccan stock market
Dissertant
Thesis advisor
Sharafi, Abd al-Latif
Alawi, Abd al-Hamid Hamidi
University
Al Akhawayn University
Faculty
The School of Business Administration
University Country
Morocco
Degree
Master
Degree Date
2013
English Abstract
The main purpose of this research paper is to clarify the sensitivity of stock returns in regard to distress risk and book to market equity.
In this sense, Ohlson’s O-Score as a measure of distress risk revealed that firms with higher distress risk and B/M ratio tend to be more profitable.
In addition, low B/M ratio firms display, in part, the same probabilities of distress risk as those of high B/M ratios.
Besides, within the low B/M ratio groups, firms with low O-score display the lowest mean of B/M ratio.
Moreover, the outcomes concluded that the B/M ratio increases as the probability of bankruptcy get higher.
More importantly, our results concluded that low B/M ratio firms have the highest 12 and 36-month prior returns, and O-Score has a negative correlation with 36-month prior returns.
Main Subjects
Financial and Accounting Sciences
Topics
No. of Pages
31
Table of Contents
Table of contents.
Abstract.
Chapter One : Introduction.
Chapter Two : Motivation and background.
Chapter Three : Literature review.
Chapter Four : Research methodology.
Chapter Five : Data collection.
Chapter Six : Results.
Chapter Seven : Implications and future research.
Chapter Eight : Limitations.
Chapter Nine : Conclusion.
References.
American Psychological Association (APA)
al-Khaylani, Samir. (2013). Distress risk, book to market equity and stock returns : the case of the Moroccan stock market. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-627487
Modern Language Association (MLA)
al-Khaylani, Samir. Distress risk, book to market equity and stock returns : the case of the Moroccan stock market. (Master's theses Theses and Dissertations Master). Al Akhawayn University. (2013).
https://search.emarefa.net/detail/BIM-627487
American Medical Association (AMA)
al-Khaylani, Samir. (2013). Distress risk, book to market equity and stock returns : the case of the Moroccan stock market. (Master's theses Theses and Dissertations Master). Al Akhawayn University, Morocco
https://search.emarefa.net/detail/BIM-627487
Language
English
Data Type
Arab Theses
Record ID
BIM-627487
