Question
The momentum effect is one of the puzzling phenomena in empirical finance. Discuss and explain why conservatism bias would give rise to momentum in stock
The momentum effect is one of the puzzling phenomena in empirical finance. Discuss and explain why conservatism bias would give rise to momentum in stock market returns, and why the momentum effect as a phenomenon in empirical finance may persist for a long period of time.
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Fundamentals of Investments, Valuation and Management
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
8th edition
1259720697, 1259720691, 1260109437, 9781260109436, 978-1259720697
