Book-to-Market Ratio, return on equity and Brazilian Stock Returns
نویسندگان
چکیده
منابع مشابه
Book to Market, Turnaround Probability and Stock Returns
Book to market (BM) has long been associated with growth opportunities. We argue that after a negative shock to earnings, the BM of the firm is mainly determined by the shortterm recovery ability of the firm. Firms that have high (low) probability to recover from a negative shock will have low (high) BM after a negative shock. We confirm this relation both analytically and empirically and show ...
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ژورنال
عنوان ژورنال: RAUSP Management Journal
سال: 2018
ISSN: 2531-0488
DOI: 10.1108/rausp-04-2018-001