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Some of the leading theories of momentum have different empirical predictions that depend on market composition and structure. The institutional theory predicts lower momentum profits in markets with less agency. Behavioral theories predict lower momentum profits in markets with more...
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delegated management in Imperial Russia. A regulatory change in 1893 made speculating on the St. Petersburg stock market more …
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delegated management in Imperial Russia. A regulatory change in 1893 made speculating on the St. Petersburg stock market more …
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