Does the sales seasonality anomaly exist in China?

Jiexiang Huang; Yongxian Tan; Hailong Zhao

doi:10.1016/j.pacfin.2020.101425

Does the sales seasonality anomaly exist in China?

Jiexiang Huang, Yongxian Tan^*, Hailong Zhao

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

1 Citation (Scopus)

Abstract

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.

Original language	English
Article number	101425
Journal	Pacific Basin Finance Journal
Volume	63
DOIs	https://doi.org/10.1016/j.pacfin.2020.101425
Publication status	Published - Oct 2020
Externally published	Yes

Access to Document

10.1016/j.pacfin.2020.101425

Cite this

@article{2b53c9ad1c5342149b1feb5b563336fe,

title = "Does the sales seasonality anomaly exist in China?",

abstract = "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.",

author = "Jiexiang Huang and Yongxian Tan and Hailong Zhao",

note = "Publisher Copyright: {\textcopyright} 2020",

year = "2020",

month = oct,

doi = "10.1016/j.pacfin.2020.101425",

language = "English",

volume = "63",