#2444. Psychological barrier and cross-firm return predictability

January 2027publication date
Proposal available till 30-05-2025
4 total number of authors per manuscript5500 $

The title of the journal is available only for the authors who have already paid for
Journal’s subject area:
Accounting;
Finance;
Economics and Econometrics;
Strategy and Management;
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Abstract:
The article explores the psychological barrier and predictability of profitability between firms. The results show that the predictability of the returns of economically tied firms depends on the proximity of the 52-week high in the stock price. The synergy between news about economically tied firms and the approach to 52-week highs may partly explain the underreaction to news about customers, geographic neighbors, industry peers, or overseas industries.
Keywords:
Cross-firm return predictability; Customer momentum; Psychological barrier

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