Matches in SemOpenAlex for { <https://semopenalex.org/work/W3124599496> ?p ?o ?g. }
Showing items 1 to 100 of
100
with 100 items per page.
- W3124599496 abstract "Merton (1987) shows that stocks that not all investors are informed about should yield a return premium. This premium depends on the shadow cost of incomplete information which in turn is composed of the shareholder base, relative market size and idiosyncratic risk. Utilizing a comprehensive database of investor shareholdings, we demonstrate that stock returns are positively related to the shadow cost. Also in line with Merton, we find that the shareholder base is negatively related to returns when controlling for size and idiosyncratic risk. Zero-cost portfolios based on the shadow cost / shareholder base yield substantial trading profits which are either uncorrelated or have negative correlation with the market and are only modestly explained by the four factor model." @default.
- W3124599496 created "2021-02-01" @default.
- W3124599496 creator A5008124727 @default.
- W3124599496 creator A5013704339 @default.
- W3124599496 date "2008-01-01" @default.
- W3124599496 modified "2023-10-03" @default.
- W3124599496 title "Does Investor Recognition Predict Returns?" @default.
- W3124599496 cites W1500767996 @default.
- W3124599496 cites W1978815239 @default.
- W3124599496 cites W2058776456 @default.
- W3124599496 cites W2098653283 @default.
- W3124599496 cites W2143690586 @default.
- W3124599496 cites W2146850895 @default.
- W3124599496 cites W2151666381 @default.
- W3124599496 cites W2153277745 @default.
- W3124599496 cites W2169058647 @default.
- W3124599496 cites W3125185801 @default.
- W3124599496 cites W3125470561 @default.
- W3124599496 doi "https://doi.org/10.2139/ssrn.641342" @default.
- W3124599496 hasPublicationYear "2008" @default.
- W3124599496 type Work @default.
- W3124599496 sameAs 3124599496 @default.
- W3124599496 citedByCount "17" @default.
- W3124599496 countsByYear W31245994962012 @default.
- W3124599496 countsByYear W31245994962013 @default.
- W3124599496 countsByYear W31245994962014 @default.
- W3124599496 countsByYear W31245994962015 @default.
- W3124599496 countsByYear W31245994962016 @default.
- W3124599496 countsByYear W31245994962017 @default.
- W3124599496 countsByYear W31245994962018 @default.
- W3124599496 crossrefType "journal-article" @default.
- W3124599496 hasAuthorship W3124599496A5008124727 @default.
- W3124599496 hasAuthorship W3124599496A5013704339 @default.
- W3124599496 hasConcept C10138342 @default.
- W3124599496 hasConcept C105795698 @default.
- W3124599496 hasConcept C106159729 @default.
- W3124599496 hasConcept C117797892 @default.
- W3124599496 hasConcept C120757647 @default.
- W3124599496 hasConcept C127413603 @default.
- W3124599496 hasConcept C134121241 @default.
- W3124599496 hasConcept C144133560 @default.
- W3124599496 hasConcept C149782125 @default.
- W3124599496 hasConcept C151541453 @default.
- W3124599496 hasConcept C151730666 @default.
- W3124599496 hasConcept C15744967 @default.
- W3124599496 hasConcept C162324750 @default.
- W3124599496 hasConcept C169345407 @default.
- W3124599496 hasConcept C191897082 @default.
- W3124599496 hasConcept C192562407 @default.
- W3124599496 hasConcept C204036174 @default.
- W3124599496 hasConcept C2779343474 @default.
- W3124599496 hasConcept C2991665230 @default.
- W3124599496 hasConcept C33923547 @default.
- W3124599496 hasConcept C39389867 @default.
- W3124599496 hasConcept C542102704 @default.
- W3124599496 hasConcept C556758197 @default.
- W3124599496 hasConcept C78519656 @default.
- W3124599496 hasConcept C86803240 @default.
- W3124599496 hasConceptScore W3124599496C10138342 @default.
- W3124599496 hasConceptScore W3124599496C105795698 @default.
- W3124599496 hasConceptScore W3124599496C106159729 @default.
- W3124599496 hasConceptScore W3124599496C117797892 @default.
- W3124599496 hasConceptScore W3124599496C120757647 @default.
- W3124599496 hasConceptScore W3124599496C127413603 @default.
- W3124599496 hasConceptScore W3124599496C134121241 @default.
- W3124599496 hasConceptScore W3124599496C144133560 @default.
- W3124599496 hasConceptScore W3124599496C149782125 @default.
- W3124599496 hasConceptScore W3124599496C151541453 @default.
- W3124599496 hasConceptScore W3124599496C151730666 @default.
- W3124599496 hasConceptScore W3124599496C15744967 @default.
- W3124599496 hasConceptScore W3124599496C162324750 @default.
- W3124599496 hasConceptScore W3124599496C169345407 @default.
- W3124599496 hasConceptScore W3124599496C191897082 @default.
- W3124599496 hasConceptScore W3124599496C192562407 @default.
- W3124599496 hasConceptScore W3124599496C204036174 @default.
- W3124599496 hasConceptScore W3124599496C2779343474 @default.
- W3124599496 hasConceptScore W3124599496C2991665230 @default.
- W3124599496 hasConceptScore W3124599496C33923547 @default.
- W3124599496 hasConceptScore W3124599496C39389867 @default.
- W3124599496 hasConceptScore W3124599496C542102704 @default.
- W3124599496 hasConceptScore W3124599496C556758197 @default.
- W3124599496 hasConceptScore W3124599496C78519656 @default.
- W3124599496 hasConceptScore W3124599496C86803240 @default.
- W3124599496 hasLocation W31245994961 @default.
- W3124599496 hasOpenAccess W3124599496 @default.
- W3124599496 hasPrimaryLocation W31245994961 @default.
- W3124599496 hasRelatedWork W2013444265 @default.
- W3124599496 hasRelatedWork W2023446719 @default.
- W3124599496 hasRelatedWork W2040997908 @default.
- W3124599496 hasRelatedWork W2056210026 @default.
- W3124599496 hasRelatedWork W2142249680 @default.
- W3124599496 hasRelatedWork W2212378248 @default.
- W3124599496 hasRelatedWork W2968531486 @default.
- W3124599496 hasRelatedWork W3121933910 @default.
- W3124599496 hasRelatedWork W3149328373 @default.
- W3124599496 hasRelatedWork W331667891 @default.
- W3124599496 isParatext "false" @default.
- W3124599496 isRetracted "false" @default.
- W3124599496 magId "3124599496" @default.
- W3124599496 workType "article" @default.