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Should Good Stocks Have High Prices or High Returns?

Published:2009-05 Issue:3 Volume:65 Page:55-62
ISSN:0015-198X
Container-title:Financial Analysts Journal
language:en
Short-container-title:Financial Analysts Journal

Author:

Kaustia Markku¹,Laukkanen Heidi²,Puttonen Vesa³

Affiliation:

1. Markku Kaustia is professor of finance at Helsinki School of Economics, Helsinki, Finland.

2. Heidi Laukkanen is an equity analyst at BlackRock Investment Management, London.

3. Vesa Puttonen is professor of finance at Helsinki School of Economics, Helsinki, Finland.

Publisher

Informa UK Limited

Subject

Economics and Econometrics,Finance,Accounting

Link

https://www.tandfonline.com/doi/pdf/10.2469/faj.v65.n3.5

Reference38 articles.

1. Asset pricing with liquidity risk

2. Illiquidity and stock returns: cross-section and time-series effects

3. Asset pricing and the bid-ask spread

4. The relationship between return and market value of common stocks

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