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Australian Journal of Management 2011 Docherty 75 87 by Catalin Nistor is a document available to read on EtoBox.

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This paper tests the relationship between asset tangibility and returns within the Fama and MacBeth (1973) framework. A relationship is found to exist in the materials industry, which is characterised by irreversible, firm-specific assets. Results persist after controlling for firm characteristics that are related to returns, although the effect is largely driven by microcap stocks.

Author

Catalin Nistor

Language

EN