Evaluating Musculoskeletal Complications Among Individuals With Diabetes Mellitus

Dr. Simran Maheshwari; Dr. Subhan Quraishi; Dr. Babita Ghodke

Volume : II, Issue : II, February - 2013

Evaluating Musculoskeletal Complications Among Individuals With Diabetes Mellitus

Dr. Simran Maheshwari, Dr. Subhan Quraishi, Dr. Babita Ghodke

Abstract :

Equity Valuation is a central question which the academicians and researchers in the field of Capital Markets are trying to address through different angles. At the same time, the practitioners in the field of stock trading have been working through different clues. Use of accounting information for equity valuation is a field of research that has seen a lot of activities. In the recent past this field made seminal contribution with the publication of Ball and Brown (1968). The literature has grown rapidly with over 1000 publications in leading International Accounting and Finance journals in the past three decades. A number of accounting variables have been used to explain equity value and equity return. Book value is an important variable affecting the market value of equity share. It shows worth of shareholders stake in a company. Book value is affected both by investment decisions and dividend decisions of a company. Both investment and dividend decisions in turn affect the market value of an equity share. Hence assessing the effect of book value on the market value of equity needs a careful effort. A lot of research in this area has taken place internationally especially with the data of USA. An attempt is made in this paper to study the impact of book value on the market value of an equity share in the Indian context. The study is based on data of 50 companies over a period of 5 years. It is a cross–sectional time series study. Correlation and regression analysis are used to assess the strength of impact of book value on market value of equity.