Value Stocks beat Growth Stocks: An empirical Analysis for the German Stock Market PDF
By:Christian Schießl
Published on 2014-02-01 by Anchor Academic Publishing (aap_verlag)
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?
This Book was ranked at 15 by Google Books for keyword Stocks.
Book ID of Value Stocks beat Growth Stocks: An empirical Analysis for the German Stock Market's Books is Lzy5BgAAQBAJ, Book which was written byChristian Schießlhave ETAG "c9rHcDkZgQY"
Book which was published by Anchor Academic Publishing (aap_verlag) since 2014-02-01 have ISBNs, ISBN 13 Code is 9783954895694 and ISBN 10 Code is 3954895692
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Book which have "71 Pages" is Printed at BOOK under CategoryBusiness and Economics
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Download Value Stocks beat Growth Stocks: An empirical Analysis for the German Stock Market PDF
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