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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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
