The price-earnings ratio (PER) effect is a well-documented phenomenon in the most developed financial markets. This effect shows that the firms with a low price to earning per share ratio exhibit higher returns than those with a high ratio. The existence of such an effect weakens the market...

The literature on equilibrium exchange rates for the Central and Eastern European Countries has blossomed in the recent years. The multitude of studies is justified by the fact that, in order to join the Eurozone, these countries have to participate to the ERM II. Therefore, the CEECs are forced...

The price-earnings ratio (PER) effect is a well-documented phenomenon in the most developed financial markets. This effect shows that the firms with a low price to earning per share ratio exhibit higher returns than those with a high ratio. The existence of such an effect weakens the market...