{"id":"https://openalex.org/W2025879187","doi":"https://doi.org/10.1111/j.1475-6803.1990.tb00555.x","title":"REGULARITIES IN TOKYO STOCK EXCHANGE SECURITY RETURNS: P/E, SIZE, AND SEASONAL INFLUENCES","display_name":"REGULARITIES IN TOKYO STOCK EXCHANGE SECURITY RETURNS: P/E, SIZE, AND SEASONAL INFLUENCES","publication_year":1990,"publication_date":"1990-09-01","ids":{"openalex":"https://openalex.org/W2025879187","doi":"https://doi.org/10.1111/j.1475-6803.1990.tb00555.x","mag":"2025879187"},"language":"en","primary_location":{"id":"doi:10.1111/j.1475-6803.1990.tb00555.x","doi":"https://doi.org/10.1111/j.1475-6803.1990.tb00555.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1475-6803.1990.tb00555.x","pdf_url":null,"source":{"id":"https://openalex.org/S74917840","display_name":"The Journal of Financial Research","issn_l":"0270-2592","issn":["0270-2592","1475-6803"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Research","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5044717394","display_name":"Raj Aggarwal","orcid":"https://orcid.org/0000-0002-0571-5844","observed_orcids":["https://orcid.org/0000-0002-0571-5844"]},"institutions":[{"id":"https://openalex.org/I183716014","display_name":"John Carroll University","ror":"https://ror.org/001gmya32","country_code":"US","type":"education","lineage":["https://openalex.org/I183716014"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Raj Aggarwal","raw_affiliation_strings":["John Carroll University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"John Carroll University","institution_ids":["https://openalex.org/I183716014"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5046632394","display_name":"Ramesh P. Rao","orcid":"https://orcid.org/0000-0003-1174-477X","observed_orcids":["https://orcid.org/0000-0003-1174-477X"]},"institutions":[{"id":"https://openalex.org/I12315562","display_name":"Texas Tech University","ror":"https://ror.org/0405mnx93","country_code":"US","type":"education","lineage":["https://openalex.org/I12315562"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Ramesh P. Rao","raw_affiliation_strings":["Texas Tech University"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Texas Tech University","institution_ids":["https://openalex.org/I12315562"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5074788663","display_name":"Takato Hiraki","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I196137440","display_name":"International University of Japan","ror":"https://ror.org/010996a78","country_code":"JP","type":"education","lineage":["https://openalex.org/I196137440"]}],"countries":["JP"],"is_corresponding":false,"raw_author_name":"Takato Hiraki","raw_affiliation_strings":["International University of Japan"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"International University of Japan","institution_ids":["https://openalex.org/I196137440"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3470,"currency":"USD","value_usd":3470},"apc_paid":null,"fwci":3.1806,"has_fulltext":false,"cited_by_count":47,"citation_normalized_percentile":{"value":0.91727301,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"13","issue":"3","first_page":"249","last_page":"263"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/tokyo-stock-exchange","display_name":"Tokyo Stock Exchange","score":0.949999988079071},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.7870000004768372},{"id":"https://openalex.org/keywords/price-earnings-ratio","display_name":"price earning ratio","score":0.8510000109672546},{"id":"https://openalex.org/keywords/size-effect","display_name":"size effect","score":0.781000018119812},{"id":"https://openalex.org/keywords/seasonal-effects","display_name":"seasonal effects","score":0.7039999961853027},{"id":"https://openalex.org/keywords/risk-adjusted-returns","display_name":"risk-adjusted returns","score":0.8669999837875366},{"id":"https://openalex.org/keywords/cross-market-comparison","display_name":"cross-market comparison","score":0.4169999957084656},{"id":"https://openalex.org/keywords/japanese-stock-market","display_name":"Japanese stock market","score":0.6159999966621399}],"concepts":[{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.6439435482025146},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.5228443741798401},{"id":"https://openalex.org/C2781426361","wikidata":"https://www.wikidata.org/wiki/Q5326940","display_name":"Earnings","level":2,"score":0.5192194581031799},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.49369296431541443},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.4892289638519287},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.45327508449554443},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.37473350763320923},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.3556444048881531},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.14149489998817444},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.12485137581825256},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/j.1475-6803.1990.tb00555.x","doi":"https://doi.org/10.1111/j.1475-6803.1990.tb00555.x","is_oa":false,"landing_page_url":"https://doi.org/10.1111/j.1475-6803.1990.tb00555.x","pdf_url":null,"source":{"id":"https://openalex.org/S74917840","display_name":"The Journal of Financial Research","issn_l":"0270-2592","issn":["0270-2592","1475-6803"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-scientific","cwts-core","fnege-3","jufo-1","norway-1","poland-70","russia-white-list-1"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Financial Research","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:bla:jfnres:v:13:y:1990:i:3:p:249-263","doi":null,"is_oa":false,"landing_page_url":"http://hdl.handle.net/10.1111/j.1475-6803.1990.tb00555.x","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":17,"referenced_works":["https://openalex.org/W581445844","https://openalex.org/W591577720","https://openalex.org/W612522678","https://openalex.org/W1485812904","https://openalex.org/W1562072655","https://openalex.org/W1976130379","https://openalex.org/W1976928905","https://openalex.org/W1983064585","https://openalex.org/W1984948669","https://openalex.org/W1988795332","https://openalex.org/W2000932835","https://openalex.org/W2053848643","https://openalex.org/W2072561038","https://openalex.org/W2094822343","https://openalex.org/W2101755808","https://openalex.org/W2141673418","https://openalex.org/W2164889808"],"related_works":["https://openalex.org/W2064578729","https://openalex.org/W2002853529","https://openalex.org/W1498297457","https://openalex.org/W4230390496","https://openalex.org/W183218455","https://openalex.org/W1976081967","https://openalex.org/W7145829363","https://openalex.org/W2506876643","https://openalex.org/W376403662","https://openalex.org/W1987239131"],"abstract_inverted_index":{"Abstract":[0],"Regularities":[1],"in":[2,16],"risk\u2010adjusted":[3],"returns":[4],"for":[5,27,31,51,67,74,78],"securities":[6],"listed":[7],"on":[8,86],"the":[9,28,35,40,44,52],"Tokyo":[10],"Stock":[11],"Exchange":[12],"(TSE)":[13],"are":[14,54,84,93],"examined":[15],"this":[17],"study.":[18],"A":[19],"significant":[20],"price\u2010to\u2010earnings":[21],"(P/E)":[22],"ratio":[23],"effect":[24,42],"is":[25],"documented":[26,46],"first":[29],"time":[30],"a":[32],"non\u2010U.S.":[33],"market,":[34],"TSE.":[36],"Significant":[37],"interactions":[38],"between":[39],"P/E":[41],"and":[43,48,71,80],"previously":[45],"size":[47],"seasonal":[49],"effects":[50,76],"TSE":[53,63],"also":[55],"documented.":[56],"These":[57],"results":[58],"imply":[59],"that":[60,72,83],"studies":[61],"of":[62,90],"companies":[64],"must":[65],"account":[66],"these":[68,91],"return":[69],"regularities":[70],"explanations":[73],"such":[75],"observed":[77],"U.S.":[79],"other":[81],"markets":[82,92],"based":[85],"some":[87],"unique":[88],"aspect":[89],"likely":[94],"to":[95],"be":[96],"inadequate.":[97]},"counts_by_year":[{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":2},{"year":2014,"cited_by_count":2},{"year":2013,"cited_by_count":1},{"year":2012,"cited_by_count":5}],"updated_date":"2026-11-08T12:12:28.789561","created_date":"2016-06-24T00:00:00"}