Keywords: Momentum
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Journal Articles
Pacific Accounting Review (2015) 27 (1): 51–68.
Published: 02 February 2015
... of the NZAX and Unlisted stocks and is the first paper to jointly test the explanatory power of size, B/M, past returns and liquidity factors for NZSX stocks. Hamish Anderson can be contacted at: H.D.Anderson@massey.ac.nz © Emerald Group Publishing Limited 2015 New Zealand Momentum Liquidity...
Journal Articles
Pacific Accounting Review (2007) 19 (2): 108–124.
Published: 22 May 2007
... is tested in order to determine the profitability of proposed strategies. Findings The findings in this paper show that a strong momentum effect, rather than a reversal effect, is present in this market. For example, the strategy, which is based on a six‐month portfolio formation period and a six‐month...

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