Nawar, Hashem - Volkswirtschaftliche Fakultät, … - 2010
In this paper, I examine the relationship between industry concentration and the cross-section of stock returns in the … London Stock Exchange between 1985 and 2010. Using Multifactor asset pricing theory, I test whether industry concentration is …, momentum, and leverage. I find that industry concentration is negatively related to the expected stock returns in all Fama and …