Bad News Travels Slowly: Size, Analyst Coverage and the Profitability of Momentum Strategies
收藏NBER1998-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w6553
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资源简介：
A number of theories have been proposed to explain the medium-term momentum in stock returns identified by Jegadeesh and Titman (1993). We test one such theory--based on the gradual-information-diffusion model of Hong and Stein (1997)--and establish three key results. First, once one moves past the
提供机构：
美国国家经济研究局
创建时间：
1998-05-01
