The Limits to Arbitrage Revisited : The Accrual and Asset Growth Anomalies

Using idiosyncratic volatility as a proxy for arbitrage costs, the authors found that the highly publicized accrual and asset growth anomalies exist because of high barriers to arbitrage, occurring predominantly in the universe of stocks with higher arbitrage risks. Therefore, investors who seek to profit from the accrual and asset growth anomalies must bear greater uncertainty in outcomes than was previously understood

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Year of publication:	2014
Authors:	Li, Xi
Other Persons:	Sullivan, Rodney N (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Arbitrage \| Kapitaleinkommen \| Capital income \| Börsenkurs \| Share price

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Extent:	1 Online-Ressource (34 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Financial Analysts Journal 67 (4-5), 50-66, July/August, 2011 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments December 22, 2010 erstellt
Source:	ECONIS - Online Catalogue of the ZBW

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