2004-09-01
Market portfolio efficiency and value stocks.
Publication
Publication
Journal of Economics and Finance p. 300- 306
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
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| hdl.handle.net/1765/6207 | |
| Journal of Economics and Finance | |
| Organisation | Erasmus School of Economics |
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Post, 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 |
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