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Value Versus Growth: Evidence from India

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  • Soumya Guha Deb

Abstract

For many years, researchers have argued that ‘value strategies’ outperform the ‘growth strategies’. In this paper, we have attempted to explore this possibility in the Indian stock market and tried to find the magnitude and pattern of value premium, if any. The results indicated that value premium did exist in the Indian stock market during the study period, i.e., January 1996 to December 2010. The premiums were visible for both absolute performance measures like average returns and buy-and-hold returns, and risk-adjusted performance measures like Jensen’s Alpha, Treynor’s ratio, Sharpe’s ratio and Fama measure.

Suggested Citation

  • Soumya Guha Deb, 2012. "Value Versus Growth: Evidence from India," The IUP Journal of Applied Finance, IUP Publications, vol. 18(2), pages 48-62, April.
    • Handle: RePEc:icf:icfjaf:v:18:y:2012:i:2:p:48-62
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    Cited by:

    1. T.G. Saji, 2018. "Financial Distress and Stock Market Failures: Lessons from Indian Realty Sector," Vision, , vol. 22(1), pages 50-60, March.
    2. Ruschelle Sgammini, 2023. "A Comparative Risk-adjusted Performance Evaluation of South African SRI Funds and the FTSE/JSE over the Covid-19 Period," International Journal of Economics and Financial Issues, Econjournals, vol. 13(1), pages 46-55, January.
    3. Amit Hedau, 2020. "Value Investing: Evidence From Listed Construction And Infrastucture Sector Companies In India," Romanian Economic Business Review, Romanian-American University, vol. 15(4), pages 104-114, december.

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