Long-Term Industry Reversals
Yes === This study investigates whether, how and why industry performance can drive long-term return reversals. Using data from the UK, we find that firms in losing industries significantly outperform those in winning industries over the subsequent five years. These industry reversals remain strong...
| Main Authors: | , |
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| Language: | en |
| Published: |
2016
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10454/8530 |