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Good news for value stocks : further evidence on market efficiency

La Porta, Rafael; Lakonishok, Josef; Shleifer, Andrei; … - In: The journal of finance : the journal of the American … 52 (1997) 2, pp. 859-874

Persistent link: https://www.econbiz.de/10001222416

Momentum strategies

Chan, Louis K. C. - In: The journal of finance : the journal of the American … 51 (1996) 5, pp. 1681-1713

Persistent link: https://www.econbiz.de/10001211774

Evaluating the performance of value versus glamour stocks : the impact of selection bias

Chan, Louis K. C. - In: Journal of financial economics 38 (1995) 3, pp. 269-296

Persistent link: https://www.econbiz.de/10001180869

Good news for value stocks : further evidence on market efficiency

Porta, Rafael La; La Porta, Rafael; Lakonishok, Josef; … - 1995

Persistent link: https://www.econbiz.de/10000928825

The level and persistence of growth rates

Chan, Louis K. C.; Karceski, Jason; Lakonishok, Josef - In: The journal of finance : the journal of the American … 58 (2003) 2, pp. 643-684

Persistent link: https://www.econbiz.de/10001750585

The level and persistence of growth rates

Chan, Louis K. C.; Karceski, Jason; Lakonishok, Josef - 2001

Persistent link: https://www.econbiz.de/10001581913

Earnings Quality and Stock Returns

Chan, Konan - 2001

An exclusive focus on bottom-line income misses important information about the quality of earnings. Accruals (the difference between accounting earnings and cash flow) are reliably, negatively associated with future stock returns. Earnings increases that are accompanied by high accruals,...

Persistent link: https://www.econbiz.de/10012470416

The Level and Persistence of Growth Rates

Chan, Louis K.C. - 2001

Expected long-term earnings growth rates are crucial inputs to valuation models and for cost of capital estimates. We analyze historical long-term growth rates across a broad cross-section of stocks using several operating performance indicators. We test whether growth persists, and whether it...

Persistent link: https://www.econbiz.de/10012470442

Good News for Value Stocks : Further Evidence on Market Efficiency

Porta, Rafael La - 1995

This paper examines the hypothesis that the superior return to so-called value stocks is the result of expectational errors made by investors. We study stock price reactions around earnings announcements for value and glamour stocks over a 5 year period after portfolio formation. The...

Persistent link: https://www.econbiz.de/10012473559

Do Institutional Investors Destabilize Stock Prices? Evidence on Herding and Feedback Trading

Lakonishok, Josef - 1991

evaluate the potential effect of their trading on stock prices. We address two aspects of trading by money managers: herding …, which refers to buying (selling) the same stocks as other managers buy (sell) at the same time; and positive … of substantial herding or positive-feedback trading by pension fund managers, except in small stocks. Also, there is no …

Persistent link: https://www.econbiz.de/10012475147