Asset growth and the cross-section of stock returns : evidence from Japan.

• Main Authors: Chua, Dennis Wen Ping., Lee, Swee Meng., Yeo, Boon Peng.
• 其他作者: Lau Sie Ting
• 格式: Final Year Project
• 語言: English
• 出版: 2009
• 主題: DRNTU::Business::Finance::Assets; DRNTU::Business::Finance::Equity
• 在線閱讀: http://hdl.handle.net/10356/15049

We test and observe in Japan‟s context a negative correlative between asset growth and abnormal returns. Contrary to previous research by Cooper, Gulen and Schill (2008), we do not observe significant alpha returns upon dividing sample firms into three categories based on market capitalization. Furt...