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The other side of value: The gross profitability premium
Journal of Financial Economics · 2013 · Vol. 108(1) · pp. 1–28
Robert Novy‐Marx✉(University of Rochester)
Financial Markets and Investment StrategiesFinancial Reporting and Valuation ResearchAuditing, Earnings Management, GovernanceProfitability indexValue premiumOperating leverageEarningsLeverage (statistics)EconomicsCash flowMonetary economicsValuation (finance)Econometrics
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References
Common risk factors in the returns on stocks and bonds
Journal of Financial Economics · 1993 · 27,375 citations
Industry costs of equity
Journal of Financial Economics · 1997 · 6,157 citations
Risk, Return, and Equilibrium: Empirical Tests
Journal of Political Economy · 1973 · 14,974 citations
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