Lobão, Júlio; Pacheco, Luís; Pereira, Carlos - In: Journal of economics, finance & administrative science 22 (2017) 43, pp. 207-223
applied investment strategy does not account for transaction costs, which may jeopardize its profitability given the fact that …, it is possible to conclude that no evidence was found for the viability of exploring this type of strategy. In fact, the … investors would always gain better returns when adopting a passive investment strategy. Therefore, it would be wise to assume …