Value Versus Growth: Evidence from India

Soumya Guha Deb

The IUP Journal of Applied Finance, 2012, vol. 18, issue 2, 48-62

Abstract: For many years, researchers have argued that ‘value strategies’ outperform the ‘growth strategies’. In this paper, we have attempted to explore this possibility in the Indian stock market and tried to find the magnitude and pattern of value premium, if any. The results indicated that value premium did exist in the Indian stock market during the study period, i.e., January 1996 to December 2010. The premiums were visible for both absolute performance measures like average returns and buy-and-hold returns, and risk-adjusted performance measures like Jensen’s Alpha, Treynor’s ratio, Sharpe’s ratio and Fama measure.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:icf:icfjaf:v:18:y:2012:i:2:p:48-62

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