Browsing Artículos y borradores de administración – Working papers by Subject "Operating profitability"
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Firm profitability and expected stock returns : evidence from Latin America
(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 ...