Profit Persistence and Stock Returns

Adelina Gschwandtner, Michael Hauser, Youchang WU

Publikation: Working/Discussion PaperWorking Paper/Preprint


This paper attempts to bring further evidence for the relationship between the product and the financial market. Drawing back on work in industrial organization, we analyze the relationship between profit persistence and expected stock returns. We show that economic fundamentals have an significant impact on stock returns and their volatility.
PublikationsstatusVeröffentlicht - 1 Juni 2011