Chou, Robin K.; Ko, Kuan-Cheng; Rhee, S. Ghon - In: Journal of derivatives and quantitative studies 31 (2023) 4, pp. 278-308
National cultures significantly explain cross-country differences in the relation between asset growth and stock … to overinvest, this study aims to show that the negative relation between asset growth and stock returns is stronger in … relation between asset growth and stock returns across countries. Evidence of this study highlights the importance of the …