Performance of Value and Growth Stocks in the Aftermath of the Global Financial Crisis

Abstract

Background: Due to strong empirical evidence from different markets, existence of value premium became a financial theory standpoint. Although previous studies found that value stocks beat growth stocks in bearish and bullish markets, during the GFC, value stocks underperformed growth stocks.

Keywords

• value premium
• dow jones industrial average
• investment strategies
• naïve diversification
• g11
• g12
• g14