This paper constructed portfolios according to the growth rates and their stability of firm's total stockholders' equity per share and net income per share, using all the firms' information of Shanghai A-s...This paper constructed portfolios according to the growth rates and their stability of firm's total stockholders' equity per share and net income per share, using all the firms' information of Shanghai A-share market. We found that the market exhibits some overreaction to the growth raie of firm's net income per share, and isn't sensitive to the stability of firm's growth rates.展开更多
文摘This paper constructed portfolios according to the growth rates and their stability of firm's total stockholders' equity per share and net income per share, using all the firms' information of Shanghai A-share market. We found that the market exhibits some overreaction to the growth raie of firm's net income per share, and isn't sensitive to the stability of firm's growth rates.
