| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5090796 | Journal of Banking & Finance | 2010 | 12 Pages |
Abstract
Winner stocks have higher changes in sales order backlogs and a sales order backlog factor is significant in explaining various winner minus loser returns and often reduces the αs by big margins. We argue that this factor is a proxy for innovation in demand in the economy and it is likely to relate to expected growth risks and future business conditions.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Li Gu, Dayong Huang,