This paper investigates whether the well-documented asset growth effect on stock returns exists across both profit and … significantly dampened by the inclusion of profit firms in the sample. The raw and abnormal returns earned from a hedge strategy on … balance sheet growth for loss firms are almost two times higher than the respective returns for profit firms. Our evidence …

rents (such as size and market share) significantly reduce profit mean reversion, whereas traditional barriers …

performance, is highly attenuated across profit firms, and becomes more severe across loss firms. Overall, our findings lend …

. For the group overall, after 13 years, repurchased shares today are worth 13.0% more than their cost. That profit on … significantly worse. This survey ranks each of 232 individual companies' buyback statistics by:• Percentage buyback profit (return … on cash invested in buybacks), • Buyback profit as a percent of current equity market value, • Buyback impact on current …