Rodyti trumpą aprašą

dc.rights.licenseKūrybinių bendrijų licencija / Creative Commons licenceen_US
dc.contributor.authorZaremba, Adam
dc.date.accessioned2024-10-23T12:23:25Z
dc.date.available2024-10-23T12:23:25Z
dc.date.issued2014
dc.date.submitted2014-09-17
dc.identifier.issn2029-7491en_US
dc.identifier.urihttps://etalpykla.vilniustech.lt/handle/123456789/155383
dc.description.abstractUsing sorting, cross-sectional tests, regression, and tests of a monotonic relation, the study examines the return patterns related to seven distinct quality characteristics: accruals, bid-ask spread, balance sheet liquidity, profitability, leverage, payout ratio and turnover. The investigation of more than 1.300 stocks from 11 Central and Eastern European countries for the period 2002–2014 documents a strong gross-profitability premium and an inverted liquidity premium. Profitable and not heavily leveraged companies provide a partial hedge against market distress. Finally, the paper proposes quality spreads as a forecasting tool and shows that they have predictive abilities over quality premiums related to leverage, profitability and bid-ask spread.en_US
dc.format.extent22 p.en_US
dc.format.mediumTekstas / Texten_US
dc.language.isoenen_US
dc.relation.urihttps://etalpykla.vilniustech.lt/handle/123456789/155341en_US
dc.rightsAttribution-NonCommercial 4.0 Internationalen_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc/4.0/en_US
dc.source.urihttps://journals.vilniustech.lt/index.php/BMEE/article/view/3504en_US
dc.subjectcross-section of stock returnsen_US
dc.subjectquality investingen_US
dc.subjectCEE stock marketen_US
dc.subjectCentral and Eastern Europeen_US
dc.subjectgross profitability premiumen_US
dc.subjectliquidity premiumen_US
dc.subjectleverageen_US
dc.subjectbid-ask spreaden_US
dc.subjectaccrualsen_US
dc.titleQuality investing in CEE emerging marketsen_US
dc.typeKonferencijos publikacija / Conference paperen_US
dcterms.accessRightsLaisvai prieinamas / Openly availableen_US
dcterms.accrualMethodRankinis pateikimas / Manual submissionen_US
dcterms.alternativeFinancial risk management of business developmenten_US
dcterms.dateAccepted2014-11-08
dcterms.issued2014-12-23
dcterms.licenseCC BY NCen_US
dcterms.references66en_US
dc.description.versionTaip / Yesen_US
dc.contributor.institutionPoznan University of Economicsen_US
dcterms.sourcetitleBusiness, Management and Educationen_US
dc.description.issueno. 2en_US
dc.description.volumevol. 12en_US
dc.identifier.eissn2029-6169en_US
dc.publisher.nameVilnius Gediminas Technical University Pressen_US
dc.publisher.nameVilniaus Gedimino technikos universitetasen_US
dc.publisher.countryLithuaniaen_US
dc.publisher.countryLietuvaen_US
dc.publisher.cityVilniusen_US
dc.identifier.doihttps://doi.org/10.3846/bme.2014.241en_US


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