Value Stocks beat Growth Stocks: An empirical Analysis for the German Stock Market

Language: English

Published by Anchor Academic Publishing Jun 2013, 2013

3954890690 / 9783954890699

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Seller: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, GermanyBuchWeltWeit Ludwig Meier e.K.

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This item is printed on demand - it takes 3-4 days longer - Neuware -Based on a 'free of survivorship-bias' sample of German stocks listed at the Frankfurt stock exchange, the study investigates the ability of hedge portfolio formation structures, built of three value premium proxies (P/B, P/E, and DY), the size factor, and the technical momentum factor, to generate excess returns in the period 1992 to 2011.First, the author characterizes and defines the significant terms that are in connection with value and growth investing. He continues with the discussion of asset pricing with the CAPM, the Fama and French three-factor model, and the Carhart extension, and then describes the expected stock returns that are of capital importance. Moreover, the author deals with related studies for the German stock market. He gives a detailed description of the empirical analysis before he draws his conclusions.The author's purpose is to answer the following core questions: Is there a value premium in the German market between 1992 and 2011 Is there a reversed size premium like recent empirical findings suggest Do high momentum stocks perform better than low momentum stocks Is there a significant seasonal pattern in hedge portfolio returns The combination of which factors best explains expected stock returns 76 pp. Englisch.…

Seller Inventory # 9783954890699

Title
Value Stocks beat Growth Stocks: An empirical Analysis for the German Stock Market
Author
Christian Schießl
Publisher
Anchor Academic Publishing Jun 2013
Publication year
2013
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3954890690
ISBN 13
9783954890699
Item weight
136 grams
Dimensions
220x155x6 mm

BuchWeltWeit Ludwig Meier e.K.

Bergisch Gladbach, Germany

5-star seller

AbeBooks seller since January 11, 2012

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BuchWeltWeit Ludwig Meier e.K.

Germany