Long-Term Shareholder Returns: Evidence from 64,000 Global Stocks

We study long-run shareholder outcomes for more than 64,000 global common stocks during the January 1990 to December 2020 period. The majority, 55.2% of U.S. stocks and 57.4% of non-U.S. stocks, underperform one-month U.S. Treasury bills in terms of compound returns over the full sample. Focusing on...

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Veröffentlicht in:	Financial analysts journal 2023-07, Vol.79 (3), p.33-63
Hauptverfasser:	Bessembinder, Hendrik, Chen, Te-Feng, Choi, Goeun, Wei, K. C. John
Format:	Artikel
Sprache:	eng
Schlagworte:	compound returns long-term returns return skewness Securities markets Skewness stock investing and shareholder wealth Stockholders Wealth
Online-Zugang:	Volltext
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