Testing net current assets value strategies in the UK stock market

Xiao, Y

Abstract

Value investing strategies, those calling for the purchase of shares with low market values relative to measures of their financial fundamentals, have shown great promise in the literature indicating the potential for stock market outperformance. Collectively this idence is one of the most controversial challenges to the efficient market hypothesis. This thesis focuses on one value strategy, net current asset value-to-market value 'NCA/M") strategy examining a large sample of U.K. shares over period from 1980 to 2005.

Citation

Xiao, Y. Testing net current assets value strategies in the UK stock market. (Thesis). University of Salford

• Thesis Type: Thesis
• Deposit Date: Jul 22, 2011
• Award Date: Jan 1, 2007