We find that the determinants of the cross-section of expected stock returns are stable in
their identity and influence from period to period and from country to country. Out-of-sample …

The purpose of this article is to show that cap-weighted stock portfolios are inefficient
investments. We shall argue moreover that, except under extremely restrictive conditions, theory …

This article provides global evidence supporting the Low Volatility Anomaly: that low risk
stocks consistently provide higher returns than high risk stocks. This study covers 33 different …

This chapter conclusively proves that the stock market is inefficient. We find the 12 most
important determinants of stock returns in the 1963–2007 period. Our results indicate dramatic, …

… NARDIN L. BAKER is an investment manager and Director of Research at National
Investment Services of America in Milwaukee (WI 53201). This research was funded by National …

This article provides conclusive evidence that the US stock market is highly inefficient. Our
results, spanning a 45 year period, indicate dramatic, consistent, and negative payoffs to …

In order to interpret Kenneth Winston's (1993)" The Efficient Index and Prediction of Portfolio
Variance", a test was conducted to document the relative performance of portfolios that had …

OBJECTIVE: We sought to establish the time course of reactive oxygen species after severe
head injuries in humans and to investigate their relationship with clinical outcomes. …

We understand a socio-technical system (STS) as a cyber-physical system in which two or
more autonomous parties interact via or about technical elements, including the parties’ …

Objectives To evaluate whether the restorative material in direct contact with the dentin
influences pulp vitality in primary and permanent teeth with deep carious lesions restored after …