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Size and Value in China

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NBER2018-04-01 更新2025-01-04 收录
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We construct size and value factors in China. The size factor excludes the smallest 30% of firms, which are companies valued significantly as potential shells in reverse mergers that circumvent tight IPO constraints. The value factor is based on the earnings-price ratio, which subsumes the book-to

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2018-04-01
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