Profitability of Momentum Strategies for IPO Stocks in Hong Kong
Publication in refereed journal


Other information
AbstractMost momentum researches are based on the seminal work advocated by Jegadeesh and Titman (2001), i.e., sorting and trading all the stocks in a market. In reality, investors rarely trade assets of the whole market. In the literature, no study has tested the effectiveness of momentum strategies on IPOs in the literature.This paper applies momentum strategies to the IPO stocks of Hong Kong. It is found that taking long positions of IPOs in Hong Kong by employing momentum strategies can generate a significant monthly return.
All Author(s) ListTerence Tai-Leung Chong, Hugo Tak Sang Ip
Journal nameAsian Journal of Economics and Finance
Year2019
Month10
Volume Number1
Issue Number4
PublisherARF India
Place of PublicationInida
Pages211 - 221
ISSN2582-340X
LanguagesEnglish-United States

Last updated on 2020-10-08 at 15:05