... Publishing Limited 2024 Emerald Publishing Limited Licensed re-use rights only CAPM Fama and French models Quantile regression Five factors Stock returns In previous studies, the focus has mainly been on factors affecting asset returns, typically on average monthly or annual returns...

... firms' stock market reaction. War Airlines Stock returns Event study Security issues related to terrorism, war and political instability tend to constitute barriers to the decision travel and affect decision-making of tourist when choosing a destination (e.g. Hall et al., 2004...

... with high (low) future stock returns, a finding that is known as the value/growth effect. Lakonishok et al. (1994) and La Porta (1996) attribute this phenomenon to investors' errors in expectations: value (growth) stocks are undervalued (overvalued) because investors extrapolate their weak...

... forecasts. It may be used by academicians studying price optimism effects and institutional investors following stock returns during earnings announcements. © Emerald Group Publishing Limited 2005 Stock returns Price earning ratio Financial forecasting This study uses the differential...