Value-Growth Investment Strategy: Evidence Based on the Residual Income Valuation Model
نویسندگان
چکیده
منابع مشابه
Value-Growth Investment Strategy: Evidence Based on the Residual Income Valuation Model
This paper explores whether a “value” investing strategy based upon different specifications of the residual income valuation model is riskier than a "growth" investing strategy. The paper motivates such an investigation by noting that, consistent with previous empirical work, the Ohlson (1995) model undervalues (overvalues) low (high) book-to-market stocks, whilst the Feltham-Ohlson model unde...
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15 صفحه اولCan Residual Income Distinguish between Earnings Growth derived from Productivity Improvements and Investment-Driven Growth?
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ژورنال
عنوان ژورنال: International Journal of Economics and Finance
سال: 2011
ISSN: 1916-9728,1916-971X
DOI: 10.5539/ijef.v3n4p233