Analisis Komparatif Tingkat Pengembalian Value Stocks dan Growth Stocks di Bursa Efek Indonesia

Analisis dan Sintesis Sinyal Suara

Audio signal information with high quality would help the television audience to increase the perception of the information displayed. Transmission channel capacity will become limited, while the need of channel communication is increased. The research aim is coding the audio signal on the low bit rate for saving the channel communication usage for digital television broadcasting. The research ...

Modeling Growth Stocks ( Part Ii )

Continuing the previous work on growth stocks, we propose a diffusion model for growth stocks. Since growth stocks tend to have low or even negative earnings and high volatility, it is a great challenge to derive a meaningful mathematical model within the traditional valuation framework. The diffusion model not only has economic interpretations for its parameters, but also leads to some interes...

Do Investors Value Dividend-Smoothing Stocks Differently?

It is almost an article of faith that managers have a preference for smooth dividends. Yet, it is not clear if this reflects investors’ preferences. In this paper, we study whether investors indeed value dividend smoothing stocks differently by exploring the implications of dividend smoothing for firms’ stock prices and cost of capital. Using over 80 years of data, we find no robust relationshi...

Market Portfolio Efficiency and Value Stocks

In this journal, Best, Best and Yoder (2000) recently demonstrated that portfolios of US value stocks dominate portfolios of US growth stocks in terms of second-order stochastic dominance (SSD). However, we cannot conclude from this finding that the market is SSD inefficient, because market portfolio efficiency generally does not require growth portfolios to be efficient. Furthermore, stochasti...

A Comparison Between Growth And Value Stocks Of Listed Companies In Tehran Stock Exchange