Does the sales seasonality anomaly exist in China?
In this paper, we examine the relationship between sales seasonality and future stock return in the US and Chinese markets. Consistent with Grullon et al. (2020), we find low-sales-season firms tend to significantly outperform high-sales-season firms in the US market. Our empirical results suggest t...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
2020
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| Online Access: | http://hdl.handle.net/20.500.11937/89108 |
| _version_ | 1848765162882859008 |
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| author | Huang, Jiexiang Tan, Yongxian Zhao, Hailong |
| author_facet | Huang, Jiexiang Tan, Yongxian Zhao, Hailong |
| author_sort | Huang, Jiexiang |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | In this paper, we examine the relationship between sales seasonality and future stock return in the US and Chinese markets. Consistent with Grullon et al. (2020), we find low-sales-season firms tend to significantly outperform high-sales-season firms in the US market. Our empirical results suggest that the sales seasonality anomaly does not exist in the Chinese market. |
| first_indexed | 2025-11-14T11:30:52Z |
| format | Journal Article |
| id | curtin-20.500.11937-89108 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:30:52Z |
| publishDate | 2020 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-891082022-08-31T02:25:27Z Does the sales seasonality anomaly exist in China? Huang, Jiexiang Tan, Yongxian Zhao, Hailong In this paper, we examine the relationship between sales seasonality and future stock return in the US and Chinese markets. Consistent with Grullon et al. (2020), we find low-sales-season firms tend to significantly outperform high-sales-season firms in the US market. Our empirical results suggest that the sales seasonality anomaly does not exist in the Chinese market. 2020 Journal Article http://hdl.handle.net/20.500.11937/89108 10.1016/j.pacfin.2020.101425 restricted |
| spellingShingle | Huang, Jiexiang Tan, Yongxian Zhao, Hailong Does the sales seasonality anomaly exist in China? |
| title | Does the sales seasonality anomaly exist in China? |
| title_full | Does the sales seasonality anomaly exist in China? |
| title_fullStr | Does the sales seasonality anomaly exist in China? |
| title_full_unstemmed | Does the sales seasonality anomaly exist in China? |
| title_short | Does the sales seasonality anomaly exist in China? |
| title_sort | does the sales seasonality anomaly exist in china? |
| url | http://hdl.handle.net/20.500.11937/89108 |