Hart, J.M. van der

strategy stock return portfolio market earning van der hart selection stock selection strategies revision momentum value month earnings revisions country journal portfolio formation bottom selection strategies finance result factor table analyst value stocks sample bottom portfolios / journal period earnings revisions strategy formation growth momentum strategies index forecast harvey earnings revisions strategies bekaert momentum strategy investor winner evidence explanation bottom portfolio performance stock selection number transaction costs e / p profitability section liberalization model earnings forecast errors market capitalization loser risk factors rouwenhorst country selection review equity b / m 105–132 transaction effect losers portfolio regression panel winners portfolio universe error 238–262 losers portfolios capitalization multivariate liquidity growth stocks market risk market stocks ratio