Quotation Gschwandtner, Adelina, Hauser, Michael. 2014. Profit Persistence and Stock Return.


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Abstract

This paper attempts to assemble 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 long-run profit persistence together with other additional economic firm fundamentals have a significant impact on stock returns and on their volatility even after adjusting for risk. At the same time we bring evidence for a `low volatility anomaly'.

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Publication's profile

Status of publication Published
Affiliation WU
Type of publication Working/discussion paper, preprint
Language English
Title Profit Persistence and Stock Return
Year 2014

Associations

People
Gschwandtner, Adelina (Former researcher)
Hauser, Michael (Details)
Organization
Institute for Statistics and Mathematics IN (Details)
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