Variables and hypothesis
| Variable | Sign | Source |
|---|---|---|
| Dependent variables | ||
| R2_ | − | Morningstar Direct |
| Assets10 | + | Morningstar Direct |
| Holdings_ | − | Morningstar Direct |
| PtoBook_ | + | Morningstar Direct |
| ROAPER _ | − | Morningstar Direct |
| PtoFCF_ | − | Morningstar Direct |
| ROA_ | + | Morningstar Direct |
| Moat_ | + | Morningstar Direct |
| Control variables | ||
| Expenses_ | − | Morningstar Direct |
| NetflowTA | + | Morningstar Direct |
| LossDev_ | − | Morningstar Direct |
| NetAssets_ | + | Morningstar Direct |
| Return_ | − | Morningstar Direct |
| Variable | Sign | Source |
|---|---|---|
| R2_ | − | Morningstar Direct |
| Assets10 | + | Morningstar Direct |
| Holdings_ | − | Morningstar Direct |
| PtoBook_ | + | Morningstar Direct |
| ROAPER _ | − | Morningstar Direct |
| PtoFCF_ | − | Morningstar Direct |
| ROA_ | + | Morningstar Direct |
| Moat_ | + | Morningstar Direct |
| Expenses_ | − | Morningstar Direct |
| NetflowTA | + | Morningstar Direct |
| LossDev_ | − | Morningstar Direct |
| NetAssets_ | + | Morningstar Direct |
| Return_ | − | Morningstar Direct |
Sharing content requires targeting cookies to be enabled. Please update your cookie preferences to use this feature.