Current Issues in Economics and Finance
Are High-Quality Firms Also High-Quality Investments?
January 2000 Volume 6, Number 1
JEL classification: G12, G11, G14

Authors: Peter Antunovich, David Laster, and Scott Mitnick

The relationship between corporate reputation and investment results is the subject of ongoing debate. Some argue that high-quality firms ultimately provide superior stock price performance; others counter that stock prices already reflect these firms’ prospects for growth and profitability. This study advances the debate by providing fresh evidence that investing in high-quality firms yields above-average returns and that these superior returns continue for up to five years.

PDF full articlePDF 6 pages / 44 kb
tools
Related New York Fed Content
By continuing to use our site, you agree to our Terms of Use and Privacy Statement. You can learn more about how we use cookies by reviewing our Privacy Statement.   Close