Market portfolio efficiency and value stocks.
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
|United States, growth funds, growth stocks, investments, markets, stocks|
|Journal of Economics and Finance|
|Organisation||Erasmus School of Economics|
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