EPSGREarnings per Share Growth Rate
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In these studies, variations of EPS were used; therefore, the EPSGR variable was used herein.
Considering also the correlations listed in Table 2, it can be inferred that the linear behavior of EPSGR has little association with the behavior of past, current and future returns.
This result indicates that the low explanatory power was not caused by the estimation technique used, which corroborates the finding of the low explanatory power offered by EPSGR.