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Issue 5(1), October 2010 -- Paper Abstracts
Girard  (p. 9-22)
Cooper (p. 23-32)
Kunz-Osborne (p. 33-41)
Coulmas-Law (p.42-46)
Stasio (p. 47-56)
Albert-Valette-Florence (p.57-63)
Zhang-Rauch (p. 64-70)
Alam-Yasin (p. 71-78)
Mattare-Monahan-Shah (p. 79-94)
Nonis-Hudson-Hunt (p. 95-106) 



JOURNAL OF ACCOUNTING AND FINANCE 


Value Style Investing Versus Growth Style Investing: Evidence from the 2002-2019 Business Cycle


Author(s): Mitchell Miller, Dale Prondzinski

Citation: Mitchell Miller, Dale Prondzinski, (2020) "Value Style Investing Versus Growth Style Investing: Evidence from the 2002-2019 Business Cycle," Journal of Accounting and Finance, Vol. 20, ss. 1, pp. 131-151

Article Type: Research paper

Publisher: North American Business Press

Abstract:

This paper explores the research question: During the October 2002 to June 2019 time period, which investment strategy, value or growth, produced the better risk-adjusted performance? Risk-adjusted returns were measured using the Sharpe composite performance measure, a measure combining risk and return into a single value. At issue is which style of investing, value versus growth, produces the best rate of return. It is thought that the value style of investing produces a higher, long-term market return than does the growth-style of investing, though long-term returns of both investing styles converge to equilibrium as they regress to their mean [long-term] returns. This study provides a historic and contemporary, conceptual perspective of the value versus growth debate.