Li, Dongmei - In: Quarterly Journal of Finance (QJF) 03 (2013) 03, pp. 1350014-1
One of the many challenges facing financial economists is to distinguish the theories explaining momentum. Brav and Heaton (2002) show that it is very difficult to distinguish the "rational" models of structural uncertainty (SU) from "behavioral" models of conservatism (C). In this paper, I...