Stock market phenomena such as the January and low pricelearnings ratio effects entice
investors with prospects of extraordinary returns. Most previous stock market anomaly …

An investigation of the relation between earnings surprise and three empirical anomalies—
the P/E effect, the size effect, and the Value Line enigma—indicates that the standardized …

Studying size and serial correlation effects, the authors examine why portfolios selected on
the basis of standardized unexpected earnings (SUEs) exhibit excess returns. Results of the …

Page 1 TÜBINGER RECHTSWISSENSCHAFTLICHE ABHANDLUNGEN Herausgegeben von
Mitgliedern der Juristischen Fakultät der Universität Tübingen Band 70 Jürgen Reul Die Pflicht …

Method To determine whether an investor actually can earn abnormal returns on the basis of
unexpected earnings, we compared holding-period returns on common stocks that have …

One of the thorniest problems in investment research is to integrate academic research into
a viable investment product. Research techniques that have shown promise in academic …

This study investigates if and how the previously documented predictive power of January
returns is affected by the political-business cycle. The evidence presented here shows that …

The examination of both the analysts' consensus and simple forecast models over a single
sample provides a better understanding of the link between unexpected earnings and …

Whether anyone can predict the future course of the stock market has been debated for over
three decades. The efficient markets hypothesis holds that the stock market is so efficient …

This research study examines practical money management to find out the goals of
practitioners as well as techniques that enable them to manage money. We specifically …