Hsieh, Jim (contributor); Walkling, Ralph A. (contributor) - 2001 - [Elektronische Ressource]
significant underperformance. The results are robust to extensive sensitivity analysis and are
separate from glamour, IPO, or … result holds no matter whether measured by Fama-French (1993)
factors or buy and hold returns and are robust to extensive …, contrarian, or IPO
effects, the under-performance of concept stocks is still significant. Thus, we do not believe that the …