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Keywords: Operating profit
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Journal Articles
Journal:
Journal of Economic Studies
Journal of Economic Studies (2026) 53 (5): 892–911.
Published: 06 March 2026
.../methodology/approach Our dataset includes all companies listed in the UK from June 1995 to June 2024. To build the original value strategy, we sort all sample stocks according to their book-to-market. For the new value strategy, stocks are ranked on the ratio between cash-based operating profit ( CBOP...
