Utah State University DigitalCommons@USU All Graduate Plan B and other Reports Graduate Studies 8-2013 Investment Performance and Price-Earnings Ratios: Basu 1977 Revisited Richard John Criddle Utah State University Follow this and additional works at: https://digitalcommons.usu.edu/gradreports Part of the Business Commons Recommended Citation Criddle, Richard John, "Investment Performance and Price-Earnings Ratios: Basu 1977 Revisited" (2013). All Graduate Plan B and other Reports. 326. https://digitalcommons.usu.edu/gradreports/326 This Thesis is brought to you for free and open access by the Graduate Studies at DigitalCommons@USU. It has been accepted for inclusion in All Graduate Plan B and other Reports by an authorized administrator of DigitalCommons@USU. For more information, please contact
[email protected]. 1 INVESTMENT PERFORMANCE AND PRICE-EARNINGS RATIOS: BASU 1977 REVISITED by 2LT Richard John Criddle A thesis submitted in partial fulfillment of the requirements for the degree of MASTER OF SCIENCE in Financial Economics UTAH STATE UNIVERSITY Logan, Utah 2013 2 CONTENTS Page ABSTRACT ………………………………………………………………………………………….. 3 LIST OF TABLES AND FIGURES ……………………………………………………………. 4 INTRODUCTION ………………………………………………………………………………….. 5 LITERATURE REVIEW ………………………………………………………………………… 6 DATA OVERVIEW ……………………………………………………………………………….. 13 METHODOLOGY ………………………………………………………………………………… 21 RESULTS …………………………………………………………………………………………… 27 CONCLUSION …………………………………………………………………………………….. 33 REFERENCES …………………………………………………………………………………….. 34 APPENDIX I