Premium
Barron’s most respected companies
Author(s) -
Filbeck Greg,
Gorman Raymond,
Zhao Xin
Publication year - 2013
Publication title -
accounting and finance
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.645
H-Index - 49
eISSN - 1467-629X
pISSN - 0810-5391
DOI - 10.1111/j.1467-629x.2012.00485.x
Subject(s) - sample (material) , selection (genetic algorithm) , business , term (time) , computer science , artificial intelligence , chemistry , physics , chromatography , quantum mechanics
In this study, we investigate the performance of firms selected to Barron’s Most Respected Companies against the S&P 500 and a matched sample over a short‐term, long‐term and operational basis. The most respected companies exhibit a statistically significant announcement effect associated with their selection and outperform the S&P 500 over longer‐holding periods. The overall sample and those firms identified as top picks outperform a matched sample of firms. In addition, as measured by changes in the return on assets, the post‐selection operational performance of the most respected firms was better than that of the matched firms.