Persistent and transitory components of firm characteristics

• Main Author: Baba-Yara, Fahiz
• Publication Date: 2024
• Other Authors: Boons, Martijn, Tamoni, Andrea
• Format: Article
• Language: eng
• Source: Repositórios Científicos de Acesso Aberto de Portugal (RCAAP)
• Download full: http://hdl.handle.net/10362/165438
• topic: Characteristics; Cross-section; Discount rates; Persistent-transitory decomposition; Return predictability; Accounting; Finance; Economics and Econometrics; Strategy and Management

Funding Information: Nikolai Roussanov was the editor for this article and we thank him for his invaluable guidance. Further, we are grateful to an anonymous referee, Fernando Anjos, Jonathan Berk, Kent Daniel (discussant) Esther Eiling, Rik Frehen, Jens Kværner, Juhani Linnainmaa, Lars Lochstoer, Tyler Muir, Dino Palazzo (discussant), Florian Peters, Simon Rottke, Chi-Yang Tsou (discussant) and seminar participants at the 2021 American Finance Association, 2022 European Finance Association, Morgan Stanley London, 2020 Northern Finance Association, Quoniam Asset Management Frankfurt, Rutgers Business School, Tilburg University, University of Amsterdam, University of Houston, Vienna Graduate School of Finance and Vrije Unversiteit Amsterdam for helpful comments. This paper is based upon work supported by the Dutch Research Council (NWO Vidi grant 201005 ). Funding Information: Nikolai Roussanov was the editor for this article and we thank him for his invaluable guidance. Further, we are grateful to an anonymous referee, Fernando Anjos, Jonathan Berk, Kent Daniel (discussant) Esther Eiling, Rik Frehen, Jens Kværner, Juhani Linnainmaa, Lars Lochstoer, Tyler Muir, Dino Palazzo (discussant), Florian Peters, Simon Rottke, Chi-Yang Tsou (discussant) and seminar participants at the 2021 American Finance Association, 2022 European Finance Association, Morgan Stanley London, 2020 Northern Finance Association, Quoniam Asset Management Frankfurt, Rutgers Business School, Tilburg University, University of Amsterdam, University of Houston, Vienna Graduate School of Finance and Vrije Unversiteit Amsterdam for helpful comments. This paper is based upon work supported by the Dutch Research Council (NWO Vidi grant 201005). Publisher Copyright: © 2024 The Author(s)