Market portfolio efficiency and value stocks.
In this journal, Best, Best, and Yoder (2000) recently demonstrated that portfolios of U.S. value stocks dominate portfolios of U.S. growth stocks in terms of second-order stochastic dominance (SSD). We cannot conclude from this finding that the market is SSD inefficient, however, because market
|Keywords||United States, growth funds, growth stocks, investments, markets, stocks|
Post, G.T., & van Vliet, P.. (2004). Market portfolio efficiency and value stocks.. Journal of Economics and Finance, 300–306. Retrieved from http://hdl.handle.net/1765/6207