Value versus hyper growth and expected stock returns: In memory of Simon Benninga

Roi D. Taussig

doi:10.1002/jcaf.22546

Value versus hyper growth and expected stock returns: In memory of Simon Benninga

Roi D. Taussig

Department of Economics and Business Administration

Research output: Contribution to journal › Article › peer-review

Abstract

This essay expands the theory on value versus growth stocks by adding another component to growth stocks. The new component is the substantial size growth (sg) (market capitalization growth). As shown in the financial literature, growth stock returns are lower than value stock returns. When sg is exploding, the growth stock returns are even substantially lower. This new variable is highly significant both statistically and economically.

Original language	English
Pages (from-to)	173-177
Number of pages	5
Journal	Journal of Corporate Accounting and Finance
Volume	33
Issue number	2
DOIs	https://doi.org/10.1002/jcaf.22546
State	Published - Apr 2022

Keywords

asset pricing
cross-section returns
market capitalization
size
stock return
value vs. growth

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10.1002/jcaf.22546

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abstract = "This essay expands the theory on value versus growth stocks by adding another component to growth stocks. The new component is the substantial size growth (sg) (market capitalization growth). As shown in the financial literature, growth stock returns are lower than value stock returns. When sg is exploding, the growth stock returns are even substantially lower. This new variable is highly significant both statistically and economically.",

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Value versus hyper growth and expected stock returns: In memory of Simon Benninga

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