Garcia, Maria Teresa Medeiros; Oliveira, Ricardo … - In: Journal of Economic Studies 45 (2018) 5, pp. 956-978
Purpose: The purpose of this paper is to construct and evaluate value and growth portfolios in Portugal, Italy, Ireland, Greece and Spain, which are commonly known as the EU PIIGS, from 2003 to 2015. Previous research evidence suggests that stocks trading at a lower price relative to their...