Corporate bond returns - what factors matter?
This paper explores how value, momentum, low-risk, and size factors explain differences in corporate bond returns across firms and over time.| Alpha Architect
This paper explores how value, momentum, low-risk, and size factors explain differences in corporate bond returns across firms and over time.| Alpha Architect
Younger and less-wealthy individuals are more prone to increasing their exposure to riskier assets in low-interest environments. Investors experiencing losses are more likely to seek higher yields.| Alpha Architect
Over 75% of the cross-sectional variation in P/E ratios is driven by future return differences, not growth expectations. This challenges many common asset pricing models and changes how investors should think about value, growth, and long-term return forecasting.| Alpha Architect
Increased executive effort correlates with positive earnings surprises, higher cumulative abnormal returns post-earnings announcements, and narrower credit default swap spreads. Moreover, portfolios constructed based on changes in executive effort demonstrate significant risk-adjusted returns, underscoring the tangible value of diligent leadership.| Alpha Architect
