-
فدائینژاد، محمداسماعیل و کاملنیا،
مجتبی. (1395). واکنش بازار به اطلاعات مشهود و نامشهود در بورس اوراق بهادار تهران.
فصلنامه مدیریت دارایی و تامین مالی،
دوره 4، شماره 1، صص 19-36.
- Arabmazar Yazdi,M., Arab Ahmadi,F.(2011). The Relationship between Components of BP Ratio and Future Stock Returns in Tehran Stock Exchange, Quarterly Journal of Securities Exchange, 15(4), 107-123.(In Persian)
- Bali, T. G., Cakici, N., & Fabozzi, F. J. (2013). Book-to-market and the cross-section of expected returns in international stock markets. Journal of Portfolio Management, 39(2), 101.
- Black, F., Jensen, M. and Scholes, M.S. (1972) The Capital Asset Pricing Model: Some Empirical Findings. In: Jensen, M., Ed., Studies in the Theory of Capital Markets, Praeger Publishers, New York, pp.79-124.
- Blackburn, D.W., Cakici, N. (2017), Book to Market Decomposition, Net Share Issuance, and the Cross Section of Global Stock Returns, Available at: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2977934
- Breen, W. J., & Korajczyk, R. A. (1995). On selection biases in book-to-market based tests of asset pricing models. Northwestern University
- Cakici, N., Chatterjee, S., & Topyan, K. (2015). Decomposition of book-to-market and the cross-section of returns for Chinese shares. Pacific-Basin Finance Journal, 34, pp.102-120.
- Chan, L. K., Hamao, Y., & Lakonishok, J. (1991). Fundamentals and stock returns in Japan. The Journal of Finance, 46(5), pp.1739-1764.
- Chi, J. D., & Gupta, M. (2009). Overvaluation and earnings management. Journal of Banking & Finance, 33(9), pp.1652-1663.
- Daniel, K., & Titman, S. (2006). Market reactions to tangible and intangible information. The Journal of Finance, 61(4), pp.1605-1643.
- Daniel, K., & Titman, S. (2016). Another Look at Market Responses to Tangible and Intangible Information. Critical Finance Review, 5(1), pp.165-175.
- Fadaei Nejad, M.E &Kamelniya,M. (2016) Market Reaction to Tangible and Intangible Information in Tehran Stock Exchange, The Quarterly Journal Of Asset Management And Financing, 4(1), pp.19-36.(In Persian)
- Fama, E. F., & French, K. R. (1992). The cross section of expected stock returns. The Journal of Finance, 47(2), pp.427-465.
- Fama, E. F., & French, K. R. (1993). Common risk factors in the returns on stocks and bonds. Journal of financial economics, 33(1), pp.3-56.
- Fama, E. F., & French, K. R. (1995). Size and book to market factors in earnings and returns. The Journal of Finance, 50(1), pp.131-155.
- Fama, E. F., & French, K. R. (2006). Profitability, investment and average returns. Journal of Financial Economics, 82(3), pp.491-518.
- Fama, E. F., & French, K. R. (2008). Average returns, B/M, and share issues. The Journal of Finance, 63(6), pp.2971-2995.
- Fama, E. F., & MacBeth, J. D. (1973). Risk, return, and equilibrium: Empirical tests. The journal of political economy, pp.607-636.
- Griffin, J. M., & Lemmon, M. L. (2002). Book–to–market equity, distress risk, and stock returns. The Journal of Finance, 57(5), pp.2317-2336.
- Hertzel, M. G., & Li, Z. (2010). Behavioral and rational explanations of stock price performance around SEOs: Evidence from a decomposition of market-to-book ratios. Journal of Financial and Quantitative Analysis, 45(4), pp.935-958.
- Ikenberry, D., Lakonishok, J., & Vermaelen, T. (1995). Market underreaction to open market share repurchases. Journal of financial economics, 39(2), pp.181-208.
- Kidane, T., Kuritzén, D., & Rönnestig, J. (2009). Decomposing the Book-to-Price Effect: Leverage and Stock Returns. Master Thesis in Business Administration and Economics with specialization in Financial Analysis, Stockholm School of Economics.
- Lakonishok, J., Shleifer, A., & Vishny, R. W. (1994). Contrarian investment, extrapolation, and risk. The journal of finance, 49(50), pp.1541-1578.
- Loughran, T., & Ritter, J. R. (1995). The new issues puzzle. The Journal of finance, 50(1), pp.23-51.
- Newey, W. K., & West, K. D. (1987). Hypothesis testing with efficient method of moments estimation. International Economic Review, pp.777-787.
- Penman, S. H., Richardson, S. A., & Tuna, I. (2007). The Book‐to‐Price Effect in Stock Returns: Accounting for Leverage. Journal of Accounting research, 45(2), pp.427-467.
- Piotroski, J. D. (2007). Discussion of The Book to Price Effect in Stock Returns: Accounting for Leverage. Journal of Accounting Research, 45(2), pp.469-479.
- Rhodes–Kropf, M., Robinson, D. T., & Viswanathan, S. (2005). Valuation waves and merger activity: The empirical evidence. Journal of Financial Economics, 77(3), pp.561-603.
- Rosenberg, B., Reid, K., & Lanstein, R. (1985). Persuasive evidence of market inefficiency. The Journal of Portfolio Management, 11(3), pp.9-16.
- Vuolteenaho, T. (2002). What Drives Firm Level Stock Returns?. The Journal of Finance, 57(1), pp.233-264