CAN WE BEAT THE DOW ? THE MIRAGE OF GROWTH STRATEGIES

Becchetti LeonardoMarini Giancarlo
CEIS Working Papers
This paper implements the traditional contrarian strategy literature by testing the significance of value and growth portfolios formed on deviations between observed and discounted cash flow fundamental stock values. Our findings on the 30 stocks of the D
Number: 156
Date: Tuesday, January 1, 2002
Revision Date: Tuesday, January 1, 2002