F.Y. Eric C. Lam

Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences

Assistant Professor

Kowloon Tong, Kowloon

Hong Kong

SCHOLARLY PAPERS

10

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CITATIONS
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3

Scholarly Papers (10)

The Role of Limits to Arbitrage and the Asset Growth Anomaly

Number of pages: 61 Posted: 17 Mar 2009 Last Revised: 09 Apr 2011
F.Y. Eric C. Lam and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and School of Accounting and Finance, Hong Kong Polytechnic University
Downloads 297 (79,171)
Citation 3

Abstract:

Asset growth, Capital investment, Cross-section of stock returns, Limits to arbitrage

The Asset Growth Anomaly and the Role of Limits to Arbitrage

Number of pages: 49 Posted: 11 Feb 2009 Last Revised: 20 Feb 2009
F.Y. Eric C. Lam and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and School of Accounting and Finance, Hong Kong Polytechnic University
Downloads 266 (89,565)
Citation 3

Abstract:

Asset growth, Capital investment, Limits to arbitrage

2.

Ex-Ante Expection Errors and the Asset Growth Anomaly

AFA 2013 San Diego Meetings Paper
Number of pages: 52 Posted: 20 Jan 2012 Last Revised: 09 Nov 2016
F.Y. Eric C. Lam and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and School of Accounting and Finance, Hong Kong Polytechnic University
Downloads 487 (34,225)

Abstract:

total asset growth; capital investment; ex-ante expectation errors; mispricing; stock returns

3.

Limits-to-Arbitrage, Investment Frictions, and the Asset Growth Anomaly

Journal of Financial Economics 102 (2011) 127-149
Posted: 10 Apr 2011 Last Revised: 09 Mar 2016
F.Y. Eric C. Lam and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and School of Accounting and Finance, Hong Kong Polytechnic University

Abstract:

Asset growth, Capital investment, Stock returns, Investment frictions, Limits-to-arbitrage

4.

What is the Real Relation between Cash Holdings and Stock Returns?

26th Australasian Finance and Banking Conference 2013
Number of pages: 39 Posted: 16 Mar 2013 Last Revised: 24 Sep 2016
F.Y. Eric C. Lam, Tai Ma, Shujing Wang and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, National Sun Yat-sen University, Hong Kong University of Science and Technology and School of Accounting and Finance, Hong Kong Polytechnic University
Downloads 134 (127,280)

Abstract:

Cash holdings; Accruals; Profitability; Net operating assets; Limits to arbitrage

5.

The Profitability Premium: Macroeconomic Risks or Expectation Errors?

Number of pages: 53 Posted: 12 Aug 2014 Last Revised: 14 Mar 2016
F.Y. Eric C. Lam, Shujing Wang and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, Hong Kong University of Science and Technology and School of Accounting and Finance, Hong Kong Polytechnic University
Downloads 124 (102,468)

Abstract:

Profitability premium, Macroeconomic Risks, Expectation errors, Investor sentiment

6.

Is the Growth-Value Anomaly Related to the Asset Growth Anomaly?

Number of pages: 42 Posted: 24 Sep 2016 Last Revised: 31 Oct 2016
Hung Wan Kot and F.Y. Eric C. Lam
City University of Hong Kong (CityUHK) - Department of Economics & Finance and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 0 (435,917)

Abstract:

Market-to-book equity ratio, total asset growth, expectation errors, bankruptcy risk, gross profitability, limits to arbitrage

7.

Dissecting Arbitrage Costs

Number of pages: 72 Posted: 24 Sep 2016 Last Revised: 25 Jan 2017
F.Y. Eric C. Lam, Chishen Wei and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, Nanyang Technological University (NTU) - Division of Banking & Finance and School of Accounting and Finance, Hong Kong Polytechnic University
Downloads 0 (514,527)

Abstract:

Arbitrage costs; arbitrage risk; information uncertainty; transaction costs; mispricing

8.

Anatomy of the Mispricing Theory: Evidence from Growth Anomalies

Number of pages: 60 Posted: 16 Mar 2016 Last Revised: 26 Mar 2016
Wikrom Prombutr, Chanwit Phengpis and F.Y. Eric C. Lam
California State University, Long Beach, California State University, Long Beach and Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences
Downloads 0 (207,868)

Abstract:

Investment growth anomaly; Asset growth anomaly; Behavioral finance; Mispricing theory; Cross section of stock returns

9.

An Integrated and Comprehensive Investigation of Investment and Profitability Effects: Q-Theory or Mispricing?

Number of pages: 55 Posted: 14 Mar 2016 Last Revised: 25 Jan 2017
F.Y. Eric C. Lam, Wikrom Prombutr and K.C. John Wei
Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences, California State University, Long Beach and School of Accounting and Finance, Hong Kong Polytechnic University
Downloads 0 (277,590)

Abstract:

Investment effect; Profitability effect; q-theory of investment; Investment frictions; Mispricing; Limits to arbitrage

10.

The Q-theory Explanation for the External Financing Effect: New Evidence

Journal of Banking & Finance 49 (2014) 69-81
Posted: 17 Mar 2009 Last Revised: 09 Mar 2016
Yuan Huang, F.Y. Eric C. Lam and K.C. John Wei
Hong Kong Polytechnic University - School of Accounting and Finance, Hong Kong Baptist University (HKBU) - Department of Finance and Decision Sciences and School of Accounting and Finance, Hong Kong Polytechnic University

Abstract:

Cross-section of stock returns, External financing, Total profitability, q-theory of investment, R&D, Total asset growth