Browsing NHH Brage by Author "Hagevik, Kristoffer Ø."
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Industries and the cash conversion cycle effect : an empirical investigation of industries as the driver of the return spread
Hagevik, Kristoffer Ø.; Røst, Andreas S. (Master thesis, 2019)This thesis investigates whether there is a cash conversion cycle (CCC) effect in the industry component of stock returns. Using a panel of U.S. stock returns from July 1976 to December 2015, we find that a zero-investment ...