specifications are tested, the importance of medium- and long-term momentum effects has been captured to a greater extent. The size …, market leverage and short-term momentum effects still persist even in the case of alternative unconditional and conditional …

Purpose – The purpose of this paper is to extend research related to a firm’s behavioural momentum and its financial …-level, and country-level factors can interact with the power of momentum to affect a firm’s performance. Design … also in electronics-related industries across a 22-year time span (1991-2012). Findings – The results show that momentum …

between internal fit and external fit, and the momentum of internal fit was found as well. Moreover, the impact of the … such as trade-off, momentum and synergy between the two types of strategic fit, which may be helpful for making decision on …

of the average portfolio returns of distressed firms. The cross-sectional role of momentum in the market mispricing of …. Also, contrary to the existing empirical evidence, momentum does not proxy for distress risk. Furthermore, in the cross …-sectional analysis, momentum subsumes the effect of size risk, and book-to-market acts as an independent state variable. Research …

Purpose – The purpose of this paper is to assess the presence of the momentum effect on the Stock Exchange of Mauritius … to 12 months. In addition, the Capital Asset Pricing Model is used to estimate the risk adjusted returns for momentum …) periods. Findings – The results show the existence/presence of the momentum effects on the SEM. However, the outcomes of the …

Purpose This study examines the effect of business cycle, market return and momentum on the financial performance of … expansion. Market return is important during both expansion and contraction, while momentum is important only during expansion …

contrarian and momentum strategies. Design/methodology/approach – Using monthly returns, the weighted relative strength strategy …' profitability. Findings – Results show that the momentum strategy seems to be no more profitable in the recent years. In fact, while … momentum strategies earn large positive and significant returns before the 2000 crash, these returns are negative after the …

Purpose – The purpose of this paper is to examine the added value of combining a momentum indicator with a value … and glamour portfolios are divided further into two‐sextile portfolios based on the price momentum indicator. The … market cycle on relative performance of quantile portfolios is examined. Findings – Taking account of price momentum beside …

African stock market (SASM). It examines the ability of the models to capture size, book-to-market (BM) and momentum effects … April 2012 to examine the size, BM and momentum effects on the SASM. The paper constructs the test assets from a 3 × 3 sort … on size and BM and a 3 × 3 sort on size and momentum. The paper estimates momentum as the past six-months’ cumulative …