Is cash-return relation risk induced?
Corporate cash holding is found to be able to predict stock return. Some scholars attribute this to the association of cash with systematic risk with respect to growth options. Others find that the relation is a mispricing effect. In this paper, I try to test whether the relation between cash and re...
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| 格式: | text |
| 語言: | English |
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Institutional Knowledge at Singapore Management University
2016
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| 在線閱讀: | https://ink.library.smu.edu.sg/lkcsb_research/5239 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6238/viewcontent/SSRN_id2900072.pdf |
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| 機構: | Singapore Management University |
| 語言: | English |