Several studies have found mean reversion in monthly stock returns over long horizons.
However, these studies can be challenged for several reasons, including the neglect or …

Regression to the mean is a common, ubiquitous phenomenon and a misunderstanding of
this phenomenon might lead policy-makers to misinterpret future fiscal challenges. This …

Resumé Formålet med denne afhandling er at undersøge den ofte anvendte antagelse i
værdiansættelser at firmaers kapitalstruktur, over tid, vil bevæge sig mod et gennemsnit og …