An Empirical Examination of the Incremental Contribution of Stock Characteristics in UK Stock Returns
This study uses the Bayesian approach to examine the incremental contribution of stock characteristics to the investment opportunity set in U.K. stock returns. The paper finds that size, book-to-market (BM) ratio, and momentum characteristics all make a significant incremental contribution to the in...
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| Format: | Article |
| Language: | English |
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MDPI AG
2017-10-01
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| Series: | International Journal of Financial Studies |
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| Online Access: | https://www.mdpi.com/2227-7072/5/4/21 |