High value-to-price stocks earn larger one-to-three-year returns than low V/P stocks, and Fama-French five-factor alphas remain positive for the highest V/P quintile in years two and three.
Title resolution pending
1 Pith paper cite this work. Polarity classification is still indexing.
1
Pith paper citing it
fields
econ.EM 1years
2025 1verdicts
CONDITIONAL 1representative citing papers
citing papers explorer
-
Residual Income Valuation and Stock Returns: Evidence from a Value-to-Price Investment Strategy
High value-to-price stocks earn larger one-to-three-year returns than low V/P stocks, and Fama-French five-factor alphas remain positive for the highest V/P quintile in years two and three.