Download Anomalies and Efficient Portfolio Formation by S. P. Kothari PDF

By S. P. Kothari

ISBN-10: 0943205603

ISBN-13: 9780943205601

Show description

Read or Download Anomalies and Efficient Portfolio Formation PDF

Best strategic planning books

Web-based Education: Concepts, Methodologies, Tools and Applications

Web-Based schooling: innovations, Methodologies, instruments, and functions deals a compendium of study at the layout, implementation, and review of on-line studying applied sciences. This multi-volume assortment addresses the demanding situations and possibilities linked to the construction and administration of Web-based purposes and groups, offering researchers, scholars and practitioners with crucial findings in educational layout, customized studying environments, and powerful academic supply.

Records Management For Dummies

Here is what you might want to recognize to regulate info documents efficientlyWith right digital facts administration, your online business can decrease expenditures, increase potency, do away with duplication, and be safe within the occasion of a lawsuit. This e-book offers an summary of documents administration recommendations and implementation recommendations in simple, non-technical English.

Hide a Dagger Behind a Smile: Use the 36 Ancient Chinese Strategies to Seize the Competitive Edge

Enterprise is battle. Western enterprise has been inculcated within the trust that company is ready win/win strategies. even if, in latest worldwide market there is not equity - there are winners and losers. ultra-modern aggressive terrain demands new strategies in addition to an realizing of the way your competitors method the realm.

Knowledge Creation Processes: Theory and Empirical Evidence from Knowledge Intensive Firms

The aptitude to create and practice new wisdom is likely one of the major assets of sustained aggressive virtue, but there are few empirical reports of this. This booklet develops a far better and prolonged theoretical version approximately wisdom construction and move inside agencies, checking out it empirically with a survey in one hundred fifteen knowledge-intensive enterprises.

Extra resources for Anomalies and Efficient Portfolio Formation

Example text

Vishny. 1998. ” Journal of Financial Economics, vol. 49, no. 3 (September):307–343. , and J. Thomas. 1990. ” Journal of Accounting and Economics, vol. 13, no. 4 (December):305–340. , and R. Litterman. 1992. ” Financial Analysts Journal, vol. 48, no. 5 (September/October):28–43. , A. Kane, and A. Marcus. 2002. Investments. New York: Irwin McGraw-Hill. , and J. Heaton. 2002. ” Review of Financial Studies, vol. 15, no. 2 (Special):575–606. Chan, K. 1988. ” Journal of Business, vol. 61, no. 2 (April):147–163.

Hirshleifer, and A. Subrahmanyam. 1998. ” Journal of Finance, vol. 53, no. 6 (December):1839–85. ———. 2001. ” Journal of Finance, vol. 56, no. 3 (June):921–965. , and R. Thaler. 1985. ” Journal of Finance, vol. 40, no. 3 (July):793–805. ———. 1987. ” Journal of Finance, vol. 42, no. 3 (July):557–581. Edwards, W. 1968. ” In Formal Representation of Human Judgment. Edited by B. Kleinmutz. New York: Wiley. Fama, E. 1970. ” Journal of Finance, vol. 25, no. 2 (May):383–417. ———. 1991. ” Journal of Finance, vol.

If the relevant characteristics of stocks do not change much for a one-year holding period, the investor can anticipate similar portfolio results if the stocks are held for an additional year. This assumption seems plausible for stocks ranked by size and BV/MV but not for those ranked by momentum, which by its nature is relatively short-lived. ■ Portfolio characteristics. Table 5 reports the transition probabilities for stocks moving from one quintile portfolio to another in one year. 9 percent probability of being in the same size quintile in the following year.

Download PDF sample

Rated 4.29 of 5 – based on 23 votes