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Empirical evidence on the out-of-sample performance of asset-pricing anomalies is mixed so far and arguably is often subject to data-snooping bias. This paper proposes a method that can significantly reduce this bias. Specifically, we consider a long-only strategy that involves only published...
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strongly predicts higher, more persistent, and less volatile profitability; and higher abnormal stock returns—findings that are …, lower investor attention, and greater sensitivity of future profitability to InnOrig. This evidence suggests that innovative …
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This paper analyzes empirically the relation between financial analysts' recommendation profitability and their … between accuracy and recommendation profitability …
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originality strongly predicts higher, more persistent, and less volatile profitability; and higher abnormal stock returns … higher valuation uncertainty, lower investor attention, and greater sensitivity of future profitability to innovative …
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These are the slides for the paper “Innovative Originality, Profitability, And Stock Returns.” The abstract of this …' innovative originality strongly predicts higher, more persistent, and less volatile profitability and higher abnormal stock … firms with higher valuation uncertainty, lower investor attention, and greater sensitivity of future profitability to …
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