Value and Growth Investing in Asian Stock Markets: 1991-2002

Publication Type

Journal Article

Publication Date

1-2005

Abstract

The study discussed in this article examines two empirical questions: (1) Can multiple financial signals enhance the intermediate-horizon returns of value and glamour investments on Asian stock markets? and (2) Do the return enhancements, if any, differ by value and growth firm types and vary across different markets? The results of this study show that financial signals affect return enhancements, and these enhancements differ by firm types and vary across markets. These differences can be explained by non-positive value premiums and relatively poor information quality documented on Asian markets.

Discipline

Asian Studies | Business | Finance and Financial Management | Portfolio and Security Analysis

Research Areas

Finance

Publication

Research in Finance

Volume

22

First Page

113

Last Page

139

ISSN

0196-3821

Identifier

10.1016/S0196-3821(05)22004-X

Publisher

Emerald

Additional URL

https://doi.org/10.1016/S0196-3821(05)22004-X

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