| 000 | 01677nam a22002657a 4500 | ||
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| 003 | ZW-GwMSU | ||
| 005 | 20241128140612.0 | ||
| 008 | 241128b |||||||| |||| 00| 0 eng d | ||
| 022 | _a0312-8962 | ||
| 040 |
_aMSU _bEnglish _cMSU _erda |
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| 050 | 0 | 0 | _aHD31 AUS |
| 100 | 1 |
_aChee, Seungmin _eauthor |
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| 245 | 1 | 2 |
_aA framework for value investing _ccreated by Seungmin Chee, Richard Sloan, and Aydin Uysal |
| 264 | 1 |
_aLos Angeles: _bSage, _c2013. |
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| 336 |
_2rdacontent _atext _btxt |
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| 337 |
_2rdamedia _aunmediated _bn |
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| 338 |
_2rdacarrier _avolume _bnc |
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| 440 |
_aAustralian journal of management. _vVolume 38, number 3, |
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| 520 | 3 | _aThis paper provides a framework for defining, formulating and evaluating value investment strategies. We define the relative value of an investment in terms of the prospective yield implied by the investment’s current price and expected future cash flows. We develop an intuitive and parsimonious approach for estimating the prospective yield by aggregating cum-dividend expected earnings over a suitable forecast horizon. We also adapt this approach to construct a realized yield metric that can be used as a more direct alternative to realized security returns in evaluating value strategies. We illustrate how our framework can be used to evaluate existing measures of value, construct improved measures of value, and attribute the returns to an investment strategy to value versus other sources. | |
| 650 |
_aForecast horizon _vProspective yield _xValue investing |
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| 700 | 1 |
_aSloan, Richard _eco-author |
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| 700 | 1 |
_aUysal, Aydin _eco-author |
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| 856 | _uhttps://doi.org/10.1177/0312896213510715 | ||
| 942 |
_2lcc _cJA |
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| 999 |
_c168443 _d168443 |
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