Which of the following regarding the investment premium is FALSE? A. Firms that increase capital investment...
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Which of the following regarding the investment premium is FALSE? A. Firms that increase capital investment more achieve lower returns than firms that invest less. Investors underreact to empire building implications of increased investments. Firms that increase capital investment more achieve higher returns than firms that invest less. Fama and French's CMA (conservative minus aggressive) risk factor captures the investment premium. Which of the following regarding the investment premium is FALSE? A. Firms that increase capital investment more achieve lower returns than firms that invest less. Investors underreact to empire building implications of increased investments. Firms that increase capital investment more achieve higher returns than firms that invest less. Fama and French's CMA (conservative minus aggressive) risk factor captures the investment premium.
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Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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