Owner's Earnings, Cash-based Operating Profits, and Capital Expenditures in the Cross Section of Stock Returns
Stocks with high owner's earnings tend to predict average stock returns and outperform other factors, providing significant alpha over the FamaFrench 6factor and q5 factor models.
Featured in No. 45 on 17 Apr 2024 · 3 days after release · 0 citations today
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- 14 Apr 2024
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- No. 45 · 17 Apr 2024
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- SSRN 4794183
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