參考文獻
中文部份
何性賢（民91）。全球產業動能現象之探討。國立元智大學財務金融研究所碩士論文，未出版。林姿伶（民91）。國際股市動能之比較分析。私立元智大學財務金融研究所碩士論文，未出版。徐燕山（民89）譯，Stephen A. Ross, Randolph W. Westerfield, Bradford D. Jordan 著。財務管理 第五版，台北市：麥格羅希爾。
徐淯彰（民91）。新興市場之動能交易策略分析。私立元智大學財務金融研究所碩士論文，未出版。游奕琪（民89）。台灣股市產業與價格動能策略關聯性之實證研究。國立政治大學財務管理所碩士論文，未出版。陳威同（民91）。產業對動能策略與風險變化實證研究。私立輔仁大學應用統計學研究所碩士論文，未出版。鄭雅如（民90）。動能策略與股票風格在台灣股市的實證研究。國立政治大學財務管理學所碩士論文，未出版。鍾惠民、吳壽山、周賓凰、范懷山合著（民91）。財金計量。台北市：雙葉。
藍淑臻（民91）。動能投資策略績效與其報酬來源之探討。國立政治大學財務管理學研究所碩士論文，未出版。龔怡霖（民90）。行為財務學─文獻回顧與展望。國立中央大學財務金融系碩士論文，未出版。英文部份
Chan, Louis K., Narasimhan Jegadeesh, and Josef Lakonishok（1996）. Momentum strategies. Journal of Finance , 51, 1681-1713.
Chan, Kalok, Allaudeen Hameed, and Wilson Tong（2000）. Profitability of momentum strategies in the international equity markets. Journal of Financial and Quantitative Analysis , 35, 153-172.
Chang,Rosita P.,D.W.Mcleavey and S.Ghon Rhee（1995）.Short-term abnormal returns of the contrarian strategy in the Japanese stock market. Journal of Business Finance＆Accounting, 22,1035-1048.
Chen, Joseph and Harrison Hong（2002）. Discussion of “momentum and autocorrelation in stock returns”, Review of Financial Studies, 15,565-573.
Conrad,Jennifer,and Gautam Kaul（1998）.An anatomy of trading strategies. Review of Financial Studies , 11,489-519.
DeBondt,Werner F.M and Richard H.Thaler（1985）. Does the stock market overreact？. Journal of Finance, 40, 793-805.
Fung,Alexander Kwok-Wah（1999）. Overreaction in the Hong Kong stock market . Global Finance Journal, 10, 223-230.
Hameed,allaudeen and Yuanto Kusnadi（2002）. Momentum strategies：Evidence from Pacific Basin stock markets. Journal of Financial Research , 25, 383-397.
Hon,Mark T. and Ian Tonks（2003）. Momentum in the UK stock market. Journal of Multinational Financial Management , 13, 43-70.
Jegadeesh,Narasimhan,and Sheridan Titman（1993）. Returns to buying winners and selling losers：Implications for stock market efficiency. Journal of Finance , 48,65-91.
Jegadeesh,Narasimhan（1990）. Evidence of Predictable behavior of Security Returns. Journal of Finance, 45, 881-898.
Jegadeesh,Narasimhan,and Sheridan Titman（1995）. Overreaction,delayed reaction and contrarian profits. Review of Financial Studies , 8, 973-993.
Jegadeesh,Narasimhan,and Sheridan Titman（2001a）. Profitability of momentum strategies：An evaluation of alternative explanations. Journal of Finance , 56, 669-720.
Kang,Joseph,Ming-Hua Liu and Sophie Xiaoyan Ni（2002）. Contrarian and momentum strategies in the China stock market：1993-2000. Pacific Finance Journal , 10, 243-265.
Lo,Andrew,and A.Craig Mackinlay（1990）. When are contrarian profits due to stock market overreaction？”Review of Financial Studies , 3, 175-208.
Moskowitz,Tobias J. and Grinblatt,Mark（1999）. Does industry explain momentum？. Journal of Finance, 54, 1249-1290.
Mun,Johnathan C.,Geraldo M.Vasconcellos and Richard Kish（2000）. The contrarian/overreaction hypothesis an analysis of the US and Canadian stock markets. Global Finance Journal , 11, 53-72.
O’Neal,Edward S.（2000）. Industry momentum and sector mutual funds. Financial Analysts Journal, 56, 37-49.
Richard,A.（1997）. Winner-loser reversals in national stock market indices：Can they be explained？. Journal of Finance, 52, 2129-2144.
Rouwenhorst,K.Geert（1998）. International momentum strategies. Journal of Finance, 53, 267-284.
Swinkels,Laurens.（2002）. International industry momentum. Journal of Asset Management, 3, 124-141.
van Dijk,Ronald and Fred Huibers（2002）. European price momentum and analyst behavior. Financial Analysts Journal, 58, 96-105.
Xiang,Jihong,Jia He and Min Cao（2002）. Continuous overreaction, insiders trading activities and momentum strategies. Journal of Multinational Financial Management, 12, 429-449.