Arbitrage risk and the turnover anomaly

Keyphrases

• Arbitrage Risk 100%
• Asset Pricing Model 50%
• Book-to-market Ratio 50%
• Eternal Return 50%
• Further Analysis 50%
• High Turnover 50%
• Idiosyncratic Volatility 50%
• Institutional Ownership 50%
• Investor Sophistication 50%
• Liquidity Factor 50%
• Low Turnover 50%
• Market Momentum 50%
• Risky Driving 50%
• Transaction Costs 50%
• Underpricing 50%

Economics, Econometrics and Finance

• Arbitrage 100%
• Financial Economics 100%
• Investors 100%
• Ownership 100%
• Transaction Costs 100%
• Volatility 100%