Value investing: The academic research [Pt. 2]
Continued from Pt.1….Value investing: The academic research [Pt. 1]
Value Investing - Study two: Risky Value
The second study discussed in UBS’s research on value is "Risky Value" by Atif Ellahie, Michael Katz & Scott Richardson. As already highlighted in the previous paper, there is a lack of a broad consensus as to whether the value premium constitutes compensation for bearing some type of systematic risk, or the . . .
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