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.

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