Otwarty dostęp

Performance of Value and Growth Stocks in the Aftermath of the Global Financial Crisis


Zacytuj

1. Athanassakos, G. (2009), “Value versus growth stock returns and the value premium: The Canadian experience 1985-2005”, Canadian Journal of Administrative Sciences / Revue Canadienne des Sciences de l’Administration, Vol. 26 No. 2, pp. 109-121.10.1002/cjas.93 Search in Google Scholar

2. Basu, S. (1977), “Investment performance of common stocks in relation to their price-earnings ratios: A test of the efficient market hypothesis“, The Journal of Finance, Vol. 32 No. 3, pp. 663-682.10.1111/j.1540-6261.1977.tb01979.x Search in Google Scholar

3. Bauman, W. S., Conover, C. M., Miller, R. E. (1998), “Growth versus value and large-cap versus small-cap stocks in international markets”, Financial Analysts Journal, Vol. 54 No. 2, pp. 75-89.10.2469/faj.v54.n2.2168 Search in Google Scholar

4. Bauman, W., Miller, R. (1997), “Investor Expectations and the Performance of Value Stocks versus Growth Stocks“, The Journal of Portfolio Management, Vol. 23 No. 3, pp. 57-68.10.3905/jpm.1997.409609 Search in Google Scholar

5. Bird, R., Casavecchia, L. (2007), “Sentiment and financial health indicators for value and growth stocks: The European experience“, The European Journal of Finance, Vol. 13 No. 8, pp. 769-793.10.1080/13518470701705777 Search in Google Scholar

6. Bodie, Z., Kane, A., Marcus, A. (2013), Essentials of Investments, McGraw-Hill/Irwin, New York. Search in Google Scholar

7. Chahine, S. (2008), “Value versus growth stocks and earnings growth in style investing strategies in Euro-markets“, Journal of Asset Management, Vol. 9 No. 5, pp. 347-358.10.1057/jam.2008.31 Search in Google Scholar

8. Chan, L. K. C., Dimmock, S. G., Lakonishok, J. (2009), “Benchmarking money manager performance: Issues and evidence”, Review of Financial Study, Vol. 22 No. 11, pp. 4554-4599.10.1093/rfs/hhp016 Search in Google Scholar

9. Chan, L. K. C., Lakonishok, J. (2004), “Value & growth investing: review and update“, Financial Analysts Journal, Vol. 60 No. 1, pp. 71-86.10.2469/faj.v60.n1.2593 Search in Google Scholar

10. Cheh, J., Kim, D., Zheng, G. (2008), “Investing in growth stocks vs. value stocks“, The Journal of Investing, Vol. 17 No. 2, pp. 75-92.10.3905/joi.2008.707220 Search in Google Scholar

11. Cronqvist, H., Siegel, S., Yu, F. (2015), “Value versus growth Investing: Why do different investors have different styles“, Journal of Financial Economics, Vol. 117 No. 2, pp. 333-349.10.1016/j.jfineco.2015.04.006 Search in Google Scholar

12. DeMiguel, V., Garlappi, L., Uppal, R. (2009), “Optimal versus naive diversification: How inefficient is the 1/N portfolio strategy?”, The Review of Financial Studies, Vol. 22 No. 5, pp. 1915-1953.10.1093/rfs/hhm075 Search in Google Scholar

13. Fama, E. F., French, K. R. (1993), “Common risk factors in the returns on stocks and bonds”, Journal of Financial Economics, Vol. 33 No. 1, pp. 3-56.10.1016/0304-405X(93)90023-5 Search in Google Scholar

14. Fama, E. F., French, K. R. (1998), value versus growth: The international evidence“, The Journal of Finance, Vol. 53 No. 6, pp. 1975-1999.10.1111/0022-1082.00080 Search in Google Scholar

15. Fays, B., Papageorgiou, N., Lambert, M. (2021), “Risk optimizations on basis portfolios: The role of sorting“, Journal of Empirical Finance, Vol. 63, pp. 136-163.10.1016/j.jempfin.2021.06.002 Search in Google Scholar

16. Folkinshteyn, D., Meric, G., Meric, I. (2017), “Value and Growth Stock Price Behavior during Stock Market Declines“, The Journal of Investing, Vol. 26 No. 4, pp. 41-52.10.3905/joi.2017.26.4.041 Search in Google Scholar

17. Gagliolo, F., Cardullo, G. (2020), “Value stocks and growth stocks: A study of the Italian market“, International Journal of Economics and Financial Issues, Vol. 10 No. 3, pp. 7-15.10.32479/ijefi.9382 Search in Google Scholar

18. Gonenc, H., Karan, M. B. (2003), “Do value stocks earn higher returns than growth stocks in an emerging market? Evidence from the Istanbul stock exchange“, Journal of International Financial Management and Accounting, Vol. 14 No. 1, pp. 1-25.10.1111/1467-646X.00088 Search in Google Scholar

19. Graham, B., Dodd, D. L. (1938), Security Analysis, McGraw Hill, New York. Search in Google Scholar

20. Lakonishok, J., Shleifer, A., Vishny, R. W. (1994), “Contrarian investment, extrapolation and risk“, The Journal of Finance, Vol. 49 No. 5, pp. 1541-1578.10.1111/j.1540-6261.1994.tb04772.x Search in Google Scholar

21. Lynch, K. (2021), “Value vs. Growth: Widest Performance Gap on Record“, Morningstar, Inc., available at https://www.morningstar.com/articles/1017342/value-vs-growth-widest-performance-gap-on-record (12 March 2021) Search in Google Scholar

22. Macrotrends (2019), “The Long Term Perspective on Markets“, available at https://www.macrotrends.net (10 June 2019) Search in Google Scholar

23. Morningstar (2019), “Independent Investment Research“, available at https://www.morningstar.com (21 May 2019) Search in Google Scholar

24. Penman, S., Reggiani, F. (2018), “Fundamentals of value versus growth investing and an explanation for the value trap“, Financial Analysts Journal, Vol. 74 No. 4, pp. 103-119.10.2469/faj.v74.n4.6 Search in Google Scholar

25. Yen, J. Y., Sun, Q., Yan, Y. (2004), “Value versus growth stocks in Singapore“, Journal of Multinational Financial Management, Vol. 14 No. 1, pp. 19-34.10.1016/S1042-444X(03)00036-7 Search in Google Scholar

eISSN:
1847-9375
Język:
Angielski