Excess returns on idiosyncratic profitability: Evidence from a hedge portfolio strategy
Australian Journal of Management
Published online on March 29, 2026
Abstract
Australian Journal of Management, Ahead of Print.
This study investigates the influence of firm-idiosyncratic profitability on stock pricing decisions and whether a trading strategy based on idiosyncratic profitability can generate significant hedge portfolio abnormal returns. We disaggregate a firm’s ...
This study investigates the influence of firm-idiosyncratic profitability on stock pricing decisions and whether a trading strategy based on idiosyncratic profitability can generate significant hedge portfolio abnormal returns. We disaggregate a firm’s ...