Listar Publicaciones e Investigación por autor "Cardona, Emilio"

Mostrando ítems 1-4 de 4

    • Deviations from fundamental value and future closed-end country fund returns 

      Berggrun, Luis; Cardona, Emilio; Lizarzaburu Bolaños, Edmundo R. (Emerald Publishing Limited, 2021-12-14)
      Purpose This article examines whether deviations from fundamental value or closed-end country fund's discounts or premiums forecast future share price returns or net asset returns. Design/methodology/approach The main ...

    • Firm profitability and expected stock returns : evidence from Latin America 

      Berggrun, Luis; Cardona, Emilio; Lizarzaburu Bolaños, Edmundo R. (Elsevier Inc., 2020-01)
      Despite their higher valuation ratios, larger size, and higher investment needs, profitable firms outperform, in both raw and risk-adjusted returns, unprofitable firms in Latin America. The positive effect of firm profitability ...

    • Industry momentum in Latin America 

      Berggrun, Luis; Cardona, Emilio; Lizarzaburu Bolaños, Edmundo R. (Elsevier Inc., 2023-03)
      We examine whether high-return industries outperform low-return industries in Latin America. Differences in performance between recent winner and loser industries are very often indistinguishable from zero. Evaluating the ...

    • Profitability of momentum strategies in Latin America 

      Berggrun, Luis; Cardona, Emilio; Lizarzaburu Bolaños, Edmundo R. (Elsevier BV, 2020-07)
      This article examines performance of momentum portfolios in Latin America. Conventional momentum produces zero risk-adjusted returns. Residual and model-based momentum strategies are also unable to deliver positive and ...