Short term momentum profits and their source: a business indicators' approach
The main objective of the paper is to seek the source that can explain the momentum profits because the source of momentum profits has been disputed. The secondary objective of the paper is to affirm the findings of the author about the presence of the short term momentum effect and to reaffirm the...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Czech Academy of Agricultural Sciences
2013-12-01
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| Series: | Agricultural Economics (AGRICECON) |
| Subjects: | |
| Online Access: | https://agricecon.agriculturejournals.cz/artkey/age-201312-0003_short-term-momentum-profits-and-their-source-a-business-indicators-approach.php |
| _version_ | 1797900031032819712 |
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| author | Abdullah EJAZ Petr POLAK |
| author_facet | Abdullah EJAZ Petr POLAK |
| author_sort | Abdullah EJAZ |
| collection | DOAJ |
| description | The main objective of the paper is to seek the source that can explain the momentum profits because the source of momentum profits has been disputed. The secondary objective of the paper is to affirm the findings of the author about the presence of the short term momentum effect and to reaffirm the notion that CAPM cannot explain the momentum profits supported by a large number of authors. For the primary objective, a set of variables has been chosen, that fall under the category of "Business Indicators", to explain the momentum profits. It is found that a variable "Starting a Business" could explain the source of the momentum profits whereas other variables may have a negligible or no influence over the momentum profits. It is also reaffirmed that a short term momentum effect has been found in 14 stock markets and the CAPM could not explain the momentum profits. This study is not conclusive due to the limitation of data but it does give a source of the momentum profits and it sheds light on the future research about the sources that can explain momentum profits in a great detail. |
| first_indexed | 2024-04-10T08:39:32Z |
| format | Article |
| id | doaj.art-93a504eb34fd4e768f4932012bedc4f2 |
| institution | Directory Open Access Journal |
| issn | 0139-570X 1805-9295 |
| language | English |
| last_indexed | 2024-04-10T08:39:32Z |
| publishDate | 2013-12-01 |
| publisher | Czech Academy of Agricultural Sciences |
| record_format | Article |
| series | Agricultural Economics (AGRICECON) |
| spelling | doaj.art-93a504eb34fd4e768f4932012bedc4f22023-02-23T03:24:21ZengCzech Academy of Agricultural SciencesAgricultural Economics (AGRICECON)0139-570X1805-92952013-12-01591256357710.17221/50/2013-AGRICECONage-201312-0003Short term momentum profits and their source: a business indicators' approachAbdullah EJAZ0Petr POLAK1Faculty of Business, Economics and Policy Studies, University Brunei Darussalam, Gadong, Brunei DarussalamFaculty of Business, Economics and Policy Studies, University Brunei Darussalam, Gadong, Brunei DarussalamThe main objective of the paper is to seek the source that can explain the momentum profits because the source of momentum profits has been disputed. The secondary objective of the paper is to affirm the findings of the author about the presence of the short term momentum effect and to reaffirm the notion that CAPM cannot explain the momentum profits supported by a large number of authors. For the primary objective, a set of variables has been chosen, that fall under the category of "Business Indicators", to explain the momentum profits. It is found that a variable "Starting a Business" could explain the source of the momentum profits whereas other variables may have a negligible or no influence over the momentum profits. It is also reaffirmed that a short term momentum effect has been found in 14 stock markets and the CAPM could not explain the momentum profits. This study is not conclusive due to the limitation of data but it does give a source of the momentum profits and it sheds light on the future research about the sources that can explain momentum profits in a great detail.https://agricecon.agriculturejournals.cz/artkey/age-201312-0003_short-term-momentum-profits-and-their-source-a-business-indicators-approach.phpbusiness indicatorsshort term momentum effect"doing business" reportcapmmomentum profits |
| spellingShingle | Abdullah EJAZ Petr POLAK Short term momentum profits and their source: a business indicators' approach Agricultural Economics (AGRICECON) business indicators short term momentum effect "doing business" report capm momentum profits |
| title | Short term momentum profits and their source: a business indicators' approach |
| title_full | Short term momentum profits and their source: a business indicators' approach |
| title_fullStr | Short term momentum profits and their source: a business indicators' approach |
| title_full_unstemmed | Short term momentum profits and their source: a business indicators' approach |
| title_short | Short term momentum profits and their source: a business indicators' approach |
| title_sort | short term momentum profits and their source a business indicators approach |
| topic | business indicators short term momentum effect "doing business" report capm momentum profits |
| url | https://agricecon.agriculturejournals.cz/artkey/age-201312-0003_short-term-momentum-profits-and-their-source-a-business-indicators-approach.php |
| work_keys_str_mv | AT abdullahejaz shorttermmomentumprofitsandtheirsourceabusinessindicatorsapproach AT petrpolak shorttermmomentumprofitsandtheirsourceabusinessindicatorsapproach |