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Value Investing: Evidence from Listed Companies in Chinese Manufacturing Industry

Author

Listed:
  • Tao Zhu
  • Eksiri Niyomsilp
  • John Walsh

Abstract

Value investing methods have been broadly researched and applied to various atmosphere of security analysis. It mainly deals with the identification of value securities for possible buy and hold or resale. For further analysis, statistical technique is utilized to inspect the extent and characters of value investing theory in Chinese manufacturing industry. This paper intends to reveal the interactions among returns on investment (ROI) as well as other accounting information filed within financial reports, and also testing the degree of the interaction on returns on investment in China’s manufacturing industry.

Suggested Citation

  • Tao Zhu & Eksiri Niyomsilp & John Walsh, 2021. "Value Investing: Evidence from Listed Companies in Chinese Manufacturing Industry," Asian Social Science, Canadian Center of Science and Education, vol. 17(2), pages 1-60, February.
    • Handle: RePEc:ibn:assjnl:v:17:y:2021:i:2:p:60
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    References listed on IDEAS

    as
    1. Tao Zhu & John Walsh & Fuangfa Ampornstira, 2020. "Quantitative Analysis of the Value Investments of Listed Companies in China’s Mining Industry," International Business Research, Canadian Center of Science and Education, vol. 13(10), pages 1-31, October.
    2. La Porta, Rafael, et al, 1997. "Good News for Value Stocks: Further Evidence on Market Efficiency," Journal of Finance, American Finance Association, vol. 52(2), pages 859-874, June.
    3. Piotroski, JD, 2000. "Value investing: The use of historical financial statement information to separate winners from losers," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 38, pages 1-41.
    4. Basu, S, 1977. "Investment Performance of Common Stocks in Relation to Their Price-Earnings Ratios: A Test of the Efficient Market Hypothesis," Journal of Finance, American Finance Association, vol. 32(3), pages 663-682, June.
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    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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