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of this study is to analyze the impacts of partner volatility (new member, old member, and new group) on firm value ….Design/methodology – To analyze the impact of partner volatility on firm value, companies in strategic alliances are classified into the three … values of alliance announcement times. Originality/value – This study analyzed partner volatility on relevant companies …
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profitability, distress, lotteryness, and volatility anomalies, influencing their returns via the channel of idiosyncratic skewness …
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stock price volatility. Furthermore, financial risk has declined over the last three decades indicating that any upward … trend in equity volatility was driven entirely by economic risk factors. This explains why financial distress (as opposed to … volatility reached unprecedented highs …
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The Internet Appendix provides additional results on cash-flow durations, dividend shares, dynamic properties of buy-and-hold vs. rebalanced portfolios, additional robustness checks, and preliminary analysis on the growth premium.The paper "Do Cash Flows of Growth Stocks Really Grow Faster?" may...
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Contrary to conventional wisdom, growth stocks (low book-to-market stocks) do not have substantially higher future cash-flow growth rates than value stocks, in both rebalanced and buy-and-hold portfolios. The efficiency growth, survivorship and look-back biases, and rebalancing effect help...
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