Capital Investments and Stock Returns
Abstract Firms that substantially increase capital investments subsequently achieve negative benchmark-adjusted returns. The negative abnormal capital investment/return relation...
Publications
2 shownReturns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency
ABSTRACT This paper documents that strategies which buy stocks that have performed well in the past and sell stocks that have performed poorly in the past generate significant p...
Frequent Co-Authors
Researcher Info
- h-index
- 2
- Publications
- 2
- Citations
- 12,631
- Institution
- University of Hong Kong
External Links
Identifiers
- ORCID
- 0000-0002-0935-7394
Impact Metrics
h-index
2
h-index: Number of publications with at least h citations each.