• Mathias Klitgaard
4. term, Science in Economics, Master (Master Programme)
In the financial literature the returns of value stocks have been investigated thoroughly. However, the focus of this literature has mainly been the American and other major stock markets. This paper extends the literature to the Danish stock market, and provides evidence on a regular value-premium. Although in line with the foreign evidence, the explanation of the value-premiums existence differs, as the value-premium in the Danish stock market is a result of divergent opinions between investors and errors in expectations.
Publication date1 May 2014
Number of pages84
Publishing institutionAalborg Universitet
ID: 197059206