Article ID Journal Published Year Pages File Type
5089586 Journal of Banking & Finance 2013 19 Pages PDF
Abstract
► Low volatility firms earn higher stock returns in emerging and developed markets. ► Low volatility firms have stronger operating performance. ► Strong operating performance might explain the link between volatility and returns. ► The results hold across emerging and developed markets and across market conditions. ► The findings provide an explanation for the 'low volatility anomaly'.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Authors
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