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Cited by 1,766

The DOI matches its Crossref record; 41 of the 41 references it cites were found in a registry or an index.

Do Industries Explain Momentum?

Open access
Moskowitz, Tobias J., Grinblatt, Mark·1999·The Journal of Finance
DOI 10.1111/0022-1082.00146
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Abstract

This paper documents a strong and prevalent momentum effect in industry components of stock returns which accounts for much of the individual stock momentum anomaly. Specifically, momentum investment strategies, which buy past winning stocks and sell past losing stocks, are significantly less profitable once we control for industry momentum. By contrast, industry momentum investment strategies, which buy stocks from past winning industries and sell stocks from past losing industries, appear highly profitable, even after controlling for size, book‐to‐market equity, individual stock momentum, the cross‐sectional dispersion in mean returns, and potential microstructure influences.

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Crossref · 10.1111/0022-1082.00146

Cites

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Metadata

Authors
Moskowitz, T. J., & Grinblatt, M.
Venue
The Journal of Finance
Publisher
Wiley
Published
1999-08
Volume
54
Issue
4
Pages
1249-1290
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/0022-1082.00146
OpenAlex
W1998677466
Cited by
1,766
References
41
FWCI
45.80
Type
journal article
Language
en
Open access
bronze

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CoChat. (2026). Citation check: Do Industries Explain Momentum? https://app.cochat.ai/papers/10.1111/0022-1082.00146
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Moskowitz, T. J., & Grinblatt, M. (1999). Do Industries Explain Momentum? The Journal of Finance. https://doi.org/10.1111/0022-1082.00146

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.