Economically relevant factors in asset pricing models should impound information on the future path of state variables that drive asset risk premia. Imposing this condition, we investigate which publicly available characteristics predict individual stock returns during the sample period used by...

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...