Ye, Jianhua; Li, WenFang - In: Nankai Business Review International 4 (2013) 3, pp. 199-211
Purpose – This paper makes attempt to test the firm‐level long‐term asset growth (LAG) effects in returns by examining … investigate whether limits‐to‐arbitrage can explain this asset growth anomaly in Chinese stock market. Design …/methodology/approach – Empirical research was carried out. Findings – The empirical results show that asset growth anomaly in A‐share stock market is …