Department of Finance;
Lubin School ofBusiness;
Pace University;
One Pace Plaza;
New York;
NY 10038;
USA;
Department of Accounting and Finance;
I.H.Asper School of Business;
University of Manitoba;
R3T5V4;
Winnipeg;
MB;
Canada;
Contrarian investment strategies; Illiquidity; Value portfolios; Growth portfolios; Book to market ratio;