We examine relations between sustainable growth and stock returns over 1964–2007.
Findings indicate that high sustainable growth firms tend to have low default risk, low book‐to‐…

Various techniques and sources of information exist to aid investors in predicting future stock
returns. However, no effective proxy for retail investors, such as stock message board users…

We examine if an existing asset pricing model in an unconditional or conditional setting can
explain the investment growth anomaly, as represented by higher returns on stocks of the …

… An earlier version of this paper appeared in Chapter 2 of Wikrom Prombutr's doctoral … We
observe that beta is a function of w = G/A. When the ratio of the value of growth options to the …

We examine the diversification properties of holding listed REITs versus listed property
companies (LPCs). If holding LPCs in addition to REITs provides excess diversification benefits, …

Purpose This paper aims to investigate a relatively new anomaly of investment growth and
revisits well-known anomalies of size and value. It aims to answer two main research …

This study comprehensively reexamines the debate over behavioral and rational explanations
for the investment effect in an updated sample. We closely follow the previous literature …

We propose a cointegration-based method for evaluating the long-term independence of
sectoral Real Estate Investment Trusts (REITs) within a portfolio. We employ this innovative …

Purpose Previous research has found that industry concentration and firm efficiency affect
stock returns. However, it is not clear if concentration is a byproduct of efficiency and hence its …

Economic policy uncertainty or EPU is a term recently coined by Baker et al.(2016), 1 which
is primarily based on newspaper coverage frequency. This index has been tested in many …