{"id":"https://openalex.org/W2972047178","doi":"https://doi.org/10.1016/j.econmod.2019.08.021","title":"Investment horizons, cash flow news, and the profitability of momentum and reversal strategies in the Chinese stock market","display_name":"Investment horizons, cash flow news, and the profitability of momentum and reversal strategies in the Chinese stock market","publication_year":2019,"publication_date":"2019-09-06","ids":{"openalex":"https://openalex.org/W2972047178","doi":"https://doi.org/10.1016/j.econmod.2019.08.021","mag":"2972047178"},"language":"en","primary_location":{"id":"doi:10.1016/j.econmod.2019.08.021","doi":"https://doi.org/10.1016/j.econmod.2019.08.021","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.econmod.2019.08.021","pdf_url":null,"source":{"id":"https://openalex.org/S141184754","display_name":"Economic Modelling","issn_l":"0264-9993","issn":["0264-9993","1873-6122"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economic Modelling","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5012010918","display_name":"Jianhua Gang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I78988378","display_name":"Renmin University of China","ror":"https://ror.org/041pakw92","country_code":"CN","type":"education","lineage":["https://openalex.org/I78988378"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Jianhua Gang","raw_affiliation_strings":["China Financial Policy Research Centre, School of Finance, Renmin University of China, China","School of Finance, Renmin University of China, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"China Financial Policy Research Centre, School of Finance, Renmin University of China, China","institution_ids":["https://openalex.org/I78988378"]},{"raw_affiliation_string":"School of Finance, Renmin University of China, China","institution_ids":["https://openalex.org/I78988378"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5039820157","display_name":"Zongxin Qian","orcid":"https://orcid.org/0000-0002-5284-5158","observed_orcids":["https://orcid.org/0000-0002-5284-5158"]},"institutions":[{"id":"https://openalex.org/I78988378","display_name":"Renmin University of China","ror":"https://ror.org/041pakw92","country_code":"CN","type":"education","lineage":["https://openalex.org/I78988378"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Zongxin Qian","raw_affiliation_strings":["School of Finance, Renmin University of China, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Finance, Renmin University of China, China","institution_ids":["https://openalex.org/I78988378"]}]},{"author_position":"last","author":{"id":null,"display_name":"Tiange Xu","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I78988378","display_name":"Renmin University of China","ror":"https://ror.org/041pakw92","country_code":"CN","type":"education","lineage":["https://openalex.org/I78988378"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Tiange Xu","raw_affiliation_strings":["Hanqing Advanced Institute of Economics and Finance, Renmin University of China, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Hanqing Advanced Institute of Economics and Finance, Renmin University of China, China","institution_ids":["https://openalex.org/I78988378"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5039820157"],"corresponding_institution_ids":["https://openalex.org/I78988378"],"apc_list":{"value":900,"currency":"USD","value_usd":900},"apc_paid":null,"fwci":4.8486,"has_fulltext":false,"cited_by_count":31,"citation_normalized_percentile":{"value":0.94934523,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":93,"max":99},"biblio":{"volume":"83","issue":null,"first_page":"364","last_page":"371"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/momentum-investing","display_name":"momentum strategies","score":0.9160000085830688},{"id":"https://openalex.org/keywords/reversal-strategies","display_name":"reversal strategies","score":0.9940000176429749},{"id":"https://openalex.org/keywords/investment-horizon","display_name":"investment horizon","score":0.8799999952316284},{"id":"https://openalex.org/keywords/cash-flow-news","display_name":"cash flow news","score":0.8230000138282776},{"id":"https://openalex.org/keywords/investor-overreaction","display_name":"investor overreaction","score":0.8560000061988831},{"id":"https://openalex.org/keywords/investor-underreaction","display_name":"investor underreaction","score":0.9120000004768372},{"id":"https://openalex.org/keywords/chinese-stock-market","display_name":"Chinese stock market","score":0.9490000009536743},{"id":"https://openalex.org/keywords/stock-returns","display_name":"stock returns","score":0.4020000100135803}],"concepts":[{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.6718323230743408},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.6673170328140259},{"id":"https://openalex.org/C163428354","wikidata":"https://www.wikidata.org/wiki/Q1047513","display_name":"Cash flow","level":2,"score":0.6533766388893127},{"id":"https://openalex.org/C60718061","wikidata":"https://www.wikidata.org/wiki/Q1414747","display_name":"Momentum (technical analysis)","level":2,"score":0.5579944252967834},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.5398148894309998},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.5034133791923523},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4960521161556244},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.49424126744270325},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.46864053606987},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.23625028133392334},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.04629021883010864},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1016/j.econmod.2019.08.021","doi":"https://doi.org/10.1016/j.econmod.2019.08.021","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.econmod.2019.08.021","pdf_url":null,"source":{"id":"https://openalex.org/S141184754","display_name":"Economic Modelling","issn_l":"0264-9993","issn":["0264-9993","1873-6122"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a","anvur-class-a","anvur-scientific","cwts-core","erih-plus","fnege-3","jufo-1","norway-1","poland-100","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Economic Modelling","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:ecmode:v:83:y:2019:i:c:p:364-371","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S026499931930207X","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":33,"referenced_works":["https://openalex.org/W1970956797","https://openalex.org/W1983669732","https://openalex.org/W1995834279","https://openalex.org/W2002324496","https://openalex.org/W2010891591","https://openalex.org/W2062834208","https://openalex.org/W2094207430","https://openalex.org/W2106798814","https://openalex.org/W2113305199","https://openalex.org/W2125520394","https://openalex.org/W2131177033","https://openalex.org/W2144487825","https://openalex.org/W2161855990","https://openalex.org/W2166215547","https://openalex.org/W2205637101","https://openalex.org/W2294666503","https://openalex.org/W2320868325","https://openalex.org/W2389592704","https://openalex.org/W2529733609","https://openalex.org/W2549389111","https://openalex.org/W2756328858","https://openalex.org/W2887213425","https://openalex.org/W2892285611","https://openalex.org/W2945811365","https://openalex.org/W3094633476","https://openalex.org/W3122215347","https://openalex.org/W3122578644","https://openalex.org/W3123211549","https://openalex.org/W3124266640","https://openalex.org/W3124466994","https://openalex.org/W3124909920","https://openalex.org/W3125555882","https://openalex.org/W3125819811"],"related_works":["https://openalex.org/W2379739383","https://openalex.org/W2921912129","https://openalex.org/W4289527158","https://openalex.org/W2564525277","https://openalex.org/W3125819811","https://openalex.org/W2756328858","https://openalex.org/W2558476650","https://openalex.org/W2392739079","https://openalex.org/W2061848808","https://openalex.org/W7095672128"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":6},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":5},{"year":2021,"cited_by_count":8},{"year":2020,"cited_by_count":3}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2019-09-12T00:00:00"}