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https://hdl.handle.net/20.500.14279/9702| Πεδίο DC | Τιμή | Γλώσσα |
|---|---|---|
| dc.contributor.author | Trigeorgis, Lenos | - |
| dc.contributor.author | Lambertides, Neophytos | - |
| dc.date.accessioned | 2017-02-15T14:31:40Z | - |
| dc.date.available | 2017-02-15T14:31:40Z | - |
| dc.date.issued | 2014-06 | - |
| dc.identifier.citation | Journal of Financial and Quantitative Analysis, 2014, vol. 49, no. 3, pp. 749-771 | en_US |
| dc.identifier.issn | 00221090 | - |
| dc.identifier.uri | https://hdl.handle.net/20.500.14279/9702 | - |
| dc.description.abstract | We extend the Fama-French (1992) model by considering growth option (as well as distress/leverage) variables in explaining the cross section of stock returns. We find that growth option variables, namely growth in capital investment and yet-unexercised growth options (GO), are significantly and negatively related to stock returns. Investors may be willing to accept lower average returns from growth stocks in exchange for a more favorable (positively skewed) risk-return profile. Book-to-market (BM) ratio seems to proxy for omitted distress/leverage variables. When these are explicitly accounted for, BMis not that significant. Our growth options variables have added explanatory power. | en_US |
| dc.format | en_US | |
| dc.language.iso | en | en_US |
| dc.relation.ispartof | Journal of Financial and Quantitative Analysis | en_US |
| dc.rights | © Michael G. Foster School of Business | en_US |
| dc.subject | Asset pricing | en_US |
| dc.subject | Book-to-market | en_US |
| dc.subject | Growth options | en_US |
| dc.subject | Stock returns | en_US |
| dc.subject | Value-size effects | en_US |
| dc.title | The role of growth options in explaining stock returns | en_US |
| dc.type | Article | en_US |
| dc.collaboration | Cyprus University of Technology | en_US |
| dc.collaboration | University of Cyprus | en_US |
| dc.subject.category | Economics and Business | en_US |
| dc.journals | Subscription | en_US |
| dc.country | Cyprus | en_US |
| dc.subject.field | Social Sciences | en_US |
| dc.publication | Peer Reviewed | en_US |
| dc.identifier.doi | 10.1017/S0022109014000118 | en_US |
| dc.relation.issue | 3 | en_US |
| dc.relation.volume | 49 | en_US |
| cut.common.academicyear | 2013-2014 | en_US |
| dc.identifier.spage | 749 | en_US |
| dc.identifier.epage | 771 | en_US |
| item.grantfulltext | none | - |
| item.languageiso639-1 | en | - |
| item.cerifentitytype | Publications | - |
| item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
| item.openairetype | article | - |
| item.fulltext | No Fulltext | - |
| crisitem.journal.journalissn | 1756-6916 | - |
| crisitem.journal.publisher | Cambridge University Press | - |
| crisitem.author.dept | Department of Finance, Accounting and Management Science | - |
| crisitem.author.faculty | Faculty of Tourism Management, Hospitality and Entrepreneurship | - |
| crisitem.author.orcid | 0000-0003-2864-1793 | - |
| crisitem.author.parentorg | Faculty of Management and Economics | - |
| Εμφανίζεται στις συλλογές: | Άρθρα/Articles | |
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