The characteristics book-to-market equity ratio, size and momentum are highly correlated with the average returns of common stocks.
These figures confirm our earlier findings according to which SMB, HML and WML are not priced and that returns are related to the characteristics book-to-market equity ratio and momentum instead.
The characteristics book-to-market equity ratio and momentum explain in our analysis the cross-sectional differences in stock returns confirming the findings of, among others, Schrimpf et al.
Rostow was an extremely interesting man who wrote a characteristic book of the age (now seeming rather naive): Stages of Economic Growth.
"A Village Life," though far from her most interesting or most characteristic book, is oddly personal in its distracted way, like an interminable stage whisper (there are odd echoes of M. Night Shyamalan's Hollywood dystopia of five years ago, "The Village").
A characteristic book from each cluster is shown on the leaf nodes by sorting the books within each cluster by the total distance to other books in the cluster (e.g., considering each intra-cluster collection as a fully connected weighted network, we take the most central node), and in parenthesis the number of books in that cluster.
His most characteristic books are often impressionistic, even anecdotal.
The characteristic Left Book Club volume was violently pro-Stalin, anti-fascist, bien-pensant.
Ms. Roddick provides an answer with characteristic vigor .This book is more than a chronicle of a decade at the Body Shop, more than a condensed manual for the wannabe business radical," she writes.
Fig. 2 The redbrick 1893 Nyrop Wing of the Danish State Archives at Jagtvej in Copenhagen with the characteristic red book shelves, which were selected as the sampling site.
Lichtenstein applied his characteristic comic-book-inspired elements, dots and shadings, to his car, representing passing scenery on the body of the car itself.
