The Cross-Section of Expected Returns: Where We Stand Today

The Cross-Section of Expected Returns: Where We Stand Today

The Review of Financial Studies has among its missions the facilitation and promotion of a vigorous academic debate across unsettled questions in finance. This special section of Volume 29, Number 1 consists of three studies on the cross-section of expected returns. To what extent are our inferences...

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Veröffentlicht in:The Review of financial studies 2016-01, Vol.29 (1), p.2-4
1. Verfasser: Karolyi, G. Andrew
Format: Artikel
Sprache:eng
Schlagworte:
Expected returns
Stock buyback
Stock shares
Transaction costs
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description The Review of Financial Studies has among its missions the facilitation and promotion of a vigorous academic debate across unsettled questions in finance. This special section of Volume 29, Number 1 consists of three studies on the cross-section of expected returns. To what extent are our inferences about certain anomalous patterns in the cross-section of expected returns related to biases and inefficiencies in our testing procedures? Are all factor discoveries equally important? Do some proposed factors subsume the explanatory power of others? Is the after-trading-cost performance of some anomalies more resilient than that of others?
doi_str_mv 10.1093/rfs/hhv124
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source EBSCOhost Business Source Complete; JSTOR Archive Collection A-Z Listing; Oxford University Press Journals All Titles (1996-Current)
subjects Expected returns
Stock buyback
Stock shares
Transaction costs
title The Cross-Section of Expected Returns: Where We Stand Today
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