Tangible and intangible information in emerging markets

High book-to-market stocks earn higher average returns than low book-to-market stocks. This result has been verified using stock returns from the US, developed, and emerging markets. Why B/M explains expected returns is still an open question. In this paper, we use stock returns representing twenty-...

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Veröffentlicht in:	Review of quantitative finance and accounting 2020-05, Vol.54 (4), p.1509-1527
Hauptverfasser:	Blackburn, Douglas W., Cakici, Nusret
Format:	Artikel
Sprache:	eng
Schlagworte:	Accounting/Auditing Corporate Finance Econometrics Economics and Finance Emerging markets Finance Operations Research/Decision Theory Original Research Risk exposure Securities markets Stock exchanges
Online-Zugang:	Volltext
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