Author/Authors
BOZKURT, İbrahim Çankırı Karatekin University, Taşmescit Kampüsü, Turkey
Title Of Article
Bad Firm, Sinful Stock, Abnormal Return, Jensen’s Alpha Method
شماره ركورد
44517
Abstract
The aim of this study is to analyse the return performances of sinful stocks which may guide investors in the process of portfolio management. In this paper, daily stock prices of 100 companies from 8 sinful industries traded at the stock exchange markets of the United States, Australia, Canada, Mexico, United Kingdom, France and Turkey are employed as dataset of the research. This paper covers the period of 1999-2014. The return performances of the sinful stocks are analysed by identifying the yields of the portfolios comprising the relevant sinful stocks. Jensen’s Alpha method is utilized in measuring the performances of the portfolios. The results of the study indicate that sinful portfolios have better performance than stock markets.
From Page
1
NaturalLanguageKeyword
Bad Firm , Sinful Stock , Abnormal Return , Jensen’s Alpha Method
JournalTitle
Ege Academic Review (EAR)
To Page
12
JournalTitle
Ege Academic Review (EAR)
Link To Document