On the value of 'value'
BI Jacobs, KN Levy - Financial Analysts Journal, 1988 - Taylor & Francis
According to conventional financial theory, competition among diverse investors and
arbitrage should keep stock prices close to their" fair" value. But a growing body of research …
arbitrage should keep stock prices close to their" fair" value. But a growing body of research …
[BOOK][B] Enhancing the timing of the asset allocation process
J Nam - 1990 - search.proquest.com
Much of previous research in finance has concentrated on explaining movements of
individual securities rather than on explaining movements in the stock market as a whole …
individual securities rather than on explaining movements in the stock market as a whole …