Value and Growth Investing : A Review and Update

  title={Value and Growth Investing : A Review and Update},
  author={Louis K. C. Chan and Josef Lakonishok},
A great deal of academic empirical research has been published on value arid growth investing. We review and update this literature, discuss the various explanations for the performance of value versus growth stocks, review the empirical research on the alternative explanations, and provide some new results based on an updated and expanded sample. The evidence suggests that, even after taking into account the experience of the late 1990s, value investing generates superior returns. Common… CONTINUE READING
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