Performance of high and low book-to-market stocks with strong financial signals: Evidence in Asia markets 1991-2002

• المؤلفون الرئيسيون: KANG, Choong Seok Joseph, DING, Kuan Yong David
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2003
• الموضوعات: Asian stock markets; Firm-size effect; Book-to-market (BTM) effect; High BTM and low BTM portfolios; Glamour and value stocks; Fundamental analysis; Financial signals; Finance
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/lkcsb_research/5335; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6334/viewcontent/SSRN_id499663__1_.pdf

Motivated by striking findings in recent US studies on return enhancing role in financial signals, we examine in the context of Asian stock markets if we can improve one- and two-year returns of high and low book-to-market (BTM) portfolios by retaining in the portfolios only the stocks whose current...