• No results found

Value investing or investing in illiquidity? The profitability of contrarian investment strategies, revisited

N/A
N/A
Protected

Academic year: 2020

Share "Value investing or investing in illiquidity? The profitability of contrarian investment strategies, revisited"

Copied!
12
0
0

Loading.... (view fulltext now)

Full text

Loading

Figure

Table 1 Average returns, book-to-market portfolios. Ten portfolios are formed using book-to-marketdata at the end of April for each year in the 33-year period between 1968 through 2000 for all AMEXand NYSE stocks identified on CRSP, following the methodolo
Table 2 Average normalized illiquidity, book-to-market portfolios. Ten portfolios are formed usingbook-to-market data at the end of April for each year in the 33-year period between 1968 through2000 for all AMEX and NYSE stocks identified on CRSP, followin
Fig. 1 Plot of cumulative returns and average normalized illiquidity for 10 book to market groups
Table 4 Annual differences in average return and illiquidity for value and glamour portfolios
+4

References

Related documents

The clustering algorithm is performed for varied values

The use of the letter of credit as a means of payment for international trade between countries is declining. Buyers and sellers are now choosing bills for collection or

This study was carried out to establish the influence of social media marketing on brand equity at Safaricom limited and also to determine the challenges of using social

Investigating patterns of interaction in networked learning and computer-supported collaborative learning: A role for social network analysis. What video games have to teach us

of Architecture and Urban Planning for academic debates, meetings with professionals and students entertainment 10.2008 design of “QLon” exhibited at Lodz Design Festival 2008

When the system is modeled as an Acrobot, limitations has to be included into the system model to get the complete model of the autonomous bicycle with a mounted inverted

The purpose of this study was to investigate the long-term effects of a self-management strategy for generalization in social skills training (SST: S.S.GRIN : DeRosier, 2002 ) in

En este artículo empezamos analizando los cambios introducidos por la LOMCE desde una perspectiva crítica de género; a continuación, centramos el análisis en el debate sobre la