@article{jfe2021955,
author={Rengasamy, Elango},
title={Do MCAP and P/E Ratios Have an Impact on the EPS of High and Low Beta (¦Â) Firms? An Analysis of Covariance on Select Companies!},
journal={Journal of Finance and Economics},
volume={9},
number={5},
pages={201--208},
year={2021},
url={http://pubs.sciepub.com/jfe/9/5/5},
issn={2328-7276},
abstract={Earnings Per Share (EPS), among other measures, is considered as a reliable tool of risk analysis, financial performance, growth, and success of companies. The current study attempts to examine if high and low-beta firms have yielded returns that commensurate with the risk, meaning, ¡®the higher the risk, the higher the returns and the lower the risk, the lower the returns¡¯, in terms of share price returns and other yardsticks. ANCOVA test was applied on the high-beta (14) and low-beta (36) sample companies. The results threw a few interesting insights. In conformity with the existing literature, high-beta firms yielded higher returns and low-beta firms, lower returns. While MCAP (Covariate) had a statistically significant influence on the dependent variable EPS, P/E ratio (Covariate) did not exhibit any significant influence on the EPS.},
doi={10.12691/jfe-9-5-5}
publisher={Science and Education Publishing}
}