A Model of Momentum
收藏NBER2011-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16747
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资源简介：
Optimal investment of firms implies that expected stock returns are tied with the expected marginal benefit of investment divided by the marginal cost of investment. Winners have higher expected growth and expected marginal productivity (two major components of the marginal benefit of investment),
提供机构：
美国国家经济研究局
创建时间：
2011-01-01
