期刊論文
| 學年 | 114 |
|---|---|
| 學期 | 1 |
| 出版（發表）日期 | 2025-12-01 |
| 作品名稱 | 盈餘動能與盈餘創新高動能 |
| 作品名稱（其他語言） | |
| 著者 | 顧廣平; 張家瑜; 蔡承祐 |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | 東吳經濟商學學報, 第111期, 頁1-36 |
| 摘要 | Department of Banking and Finance, Tamkang University In this study, the ratios of monthly sales to the highest monthly sales of listed companies in Taiwan are used to construct the highest monthly sales momentum strategy, which generates significant positive average returns over 1- to 12-month holding periods. The highest monthly sales momentum is a unique effect that persists even after controlling price momentum, 52-week high price momentum, earnings momentum, sales momentum, investor attention, and risk. I also find that investors tend to overreact to good news near the highest sales and underreact to bad news far from the highest sales, so that there is no long-term price reversal in the highest monthly sales momentum. |
| 關鍵字 | The highest monthly sales, Momentum, Overreaction, Underreaction. |
| 語言 | zh_TW |
| ISSN | |
| 期刊性質 | 國內 |
| 收錄於 | NotTSSCI Airiti Library Taiwan |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | TWN |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/128349 ) |