K.C. John Wei

TL;DR: The negative abnormal capital investment/return relation is stronger for firms that have greater investment discretion, i.e., firms with higher cash flows and lower debt ratios, and is significant only in time periods when hostile takeovers were less prevalent as mentioned in this paper.

TL;DR: In this article, the authors examine how cultural differences influence the returns of momentum strategies and find that individualism is positively associated with trading volume and volatility, as well as with the magnitude of momentum profits, and that momentum profits are also positively related to analyst forecast dispersion, transaction costs, and the familiarity of the market to foreigners.

TL;DR: In this article, the authors examine how cultural differences influence the returns of momentum strategies and find that individualism is positively associated with trading volume and volatility, as well as with the magnitude of momentum profits, and that momentum profits are also positively related to analyst forecast dispersion, transaction costs, and the familiarity of the market to foreigners.

TL;DR: The negative abnormal capital investment/return relation is stronger for firms that have greater investment discretion, i.e., firms with higher cash flows and lower debt ratios, and is significant only in time periods when hostile takeovers were less prevalent as discussed by the authors.

TL;DR: In this article, the authors examine the cross-sectional determinants of expected REIT returns and find that momentum is stronger for the larger REITs rather than for the smaller ones.