Two Essays on Asset Prices
This dissertation consists of two chapters. The first chapter examines the role of growth options on stock return continuation. Growth options are both difficult to value and risky. Daniel, Hirshleifer and Subrahmanyam (1998) argue that higher momentum profits earned by high market-to-book firms ste...
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Virginia Tech
2014
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| Online Access: | http://hdl.handle.net/10919/38833 http://scholar.lib.vt.edu/theses/available/etd-07272012-212408/ |