Value eller Vækst?: Et empirisk studie af valuepræmien på det danske aktiemarked
Oversat titel
Value or Growth?: An empirical study of the value-premium on the Danish stock market
Forfatter
Semester
4. semester
Uddannelse
Udgivelsesår
2014
Afleveret
2014-04-27
Antal sider
84
Abstract
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.