Detail The Performance of Japanese Common Stocks in Relation to Their Net Current Asset Value   Oleh:  Bildersee, John S. ; Cheh, John J. ; Zutshi, Ajay Jenis: Article from Bulletin/Magazine Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 5 no. 3 (1993), page 197-216. Topik: STOCKS; performance; common stocks; net current asset value Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ47.3 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Benjamin Graham's NCAV model as an investment strategy appears to be working in the Japanese equity markets. In this study, net current asset value is normalized by firm size and operationalized as (Current Assets - Total Liabilities) / Market Value of a firm abbreviated as NCAV / MV. Our results suggest that positive normalized NCAV portfolios tend to outperform the market on a risk - adjusted basis in Japanese equity markets, even after controlling for any confounding P / E effects, but appear sensitive to the investor's holding period. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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