A variety of variables have been used to form contrarian portfolios, ranging from relatively simple measures, like book-to-market, cash flow-to-price, earnings-to-price and past returns, to more sophisticated measures based on the Ohlson model and residual income model (RIM). This paper...

This paper investigates management turnover among the top and bottom stock market performers of the UK FT500 using clinical methodology. Consistent with previous research, we find that management turnover is higher among poor stock market performers. We identify forced departures through a new...

The existence of weak-form efficiency in the Russian stock market is examined for the period 1st September 1995 to 1st May 2001 using daily, weekly and monthly Russian Trading System index time series. Several different approaches are used to assess the predictability of the RTS index time...