Abhyankar, Abhay; Ho, Keng-Yu; Zhao, Huainan - In: International Journal of Finance & Economics 14 (2009) 3, pp. 222-232
We investigate the value versus growth investment strategies from the perspective of stochastic dominance analysis. Using G7 country data on value and growth stocks, we find that value stocks stochastically dominate growth stocks only for the US, Canada, and Japan, while there are no significant...