Cho, Seong-Soon; Shin, Jung-Soon; Byun, Jinho - In: Emerging Markets Finance and Trade 48 (2012) 7, pp. 58-81
This paper examines whether the two-dimensional value investment strategy that incorporates both the value investment strategy and financial statement information can earn excess returns in the Korean stock market. The two-dimensional value investment strategy yields a return of 27.9 percent,...