The Persistence of the NCAV Stock Selection Criterion
The Net Current Asset Value (NCAV) rule continues to identify successfully firms that will provide superior risk-adjusted holding period returns after accounting for size, book-to-market (BM), risk, and prior performance. Relative to other firms, the NCAV firms (1) are more numerous during economic...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
People & Global Business Association (P&GBA)
2013-03-01
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| Series: | Global Business and Finance Review |
| Subjects: | |
| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150612161721-7XDNG.pdf |