Do Cash Flows of Growth Stocks Really Grow Faster?
Contrary to conventional wisdom, growth stocks (i.e., low book‐to‐market stocks) do not have substantially higher future cash‐flow growth rates than value stocks, in both rebalanced and buy‐and‐hold portfolios. Efficiency growth, survivorship and look‐back biases, and the rebalancing effect help exp...
Ausführliche Beschreibung
Autor*in: |
CHEN, HUAFENG (JASON) [verfasserIn] |
---|
Format: |
Artikel |
---|---|
Sprache: |
Englisch |
Erschienen: |
2017 |
---|
Rechteinformationen: |
Nutzungsrecht: © 2017 the American Finance Association |
---|
Schlagwörter: |
---|
Übergeordnetes Werk: |
Enthalten in: The journal of finance - Hoboken, NJ [u.a.] : Wiley, 1946, 72(2017), 5, Seite 2279-2330 |
---|---|
Übergeordnetes Werk: |
volume:72 ; year:2017 ; number:5 ; pages:2279-2330 |
Links: |
---|
DOI / URN: |
10.1111/jofi.12518 |
---|
Katalog-ID: |
OLC1997236273 |
---|
LEADER | 01000caa a2200265 4500 | ||
---|---|---|---|
001 | OLC1997236273 | ||
003 | DE-627 | ||
005 | 20230715072856.0 | ||
007 | tu | ||
008 | 171125s2017 xx ||||| 00| ||eng c | ||
024 | 7 | |a 10.1111/jofi.12518 |2 doi | |
028 | 5 | 2 | |a PQ20171228 |
035 | |a (DE-627)OLC1997236273 | ||
035 | |a (DE-599)GBVOLC1997236273 | ||
035 | |a (PRQ)p1358-e5167cc65462cad15776958ee7ec8d8970509a275e39d2177229c1babc8502c20 | ||
035 | |a (KEY)0049639120170000072000502279docashflowsofgrowthstocksreallygrowfaster | ||
040 | |a DE-627 |b ger |c DE-627 |e rakwb | ||
041 | |a eng | ||
082 | 0 | 4 | |a 330 |q DE-600 |
100 | 1 | |a CHEN, HUAFENG (JASON) |e verfasserin |4 aut | |
245 | 1 | 0 | |a Do Cash Flows of Growth Stocks Really Grow Faster? |
264 | 1 | |c 2017 | |
336 | |a Text |b txt |2 rdacontent | ||
337 | |a ohne Hilfsmittel zu benutzen |b n |2 rdamedia | ||
338 | |a Band |b nc |2 rdacarrier | ||
520 | |a Contrary to conventional wisdom, growth stocks (i.e., low book‐to‐market stocks) do not have substantially higher future cash‐flow growth rates than value stocks, in both rebalanced and buy‐and‐hold portfolios. Efficiency growth, survivorship and look‐back biases, and the rebalancing effect help explain the results. These findings suggest that duration alone is unlikely to explain the value premium. | ||
540 | |a Nutzungsrecht: © 2017 the American Finance Association | ||
650 | 4 | |a Cash flow | |
650 | 4 | |a Growth stocks | |
650 | 4 | |a Stock prices | |
650 | 4 | |a Value stocks | |
773 | 0 | 8 | |i Enthalten in |t The journal of finance |d Hoboken, NJ [u.a.] : Wiley, 1946 |g 72(2017), 5, Seite 2279-2330 |w (DE-627)12954552X |w (DE-600)218191-5 |w (DE-576)014995719 |x 0022-1082 |7 nnns |
773 | 1 | 8 | |g volume:72 |g year:2017 |g number:5 |g pages:2279-2330 |
856 | 4 | 1 | |u http://dx.doi.org/10.1111/jofi.12518 |3 Volltext |
856 | 4 | 2 | |u http://onlinelibrary.wiley.com/doi/10.1111/jofi.12518/abstract |
856 | 4 | 2 | |u https://search.proquest.com/docview/1947142264 |
912 | |a GBV_USEFLAG_A | ||
912 | |a SYSFLAG_A | ||
912 | |a GBV_OLC | ||
912 | |a SSG-OLC-WIW | ||
912 | |a GBV_ILN_11 | ||
912 | |a GBV_ILN_20 | ||
912 | |a GBV_ILN_22 | ||
912 | |a GBV_ILN_26 | ||
912 | |a GBV_ILN_110 | ||
912 | |a GBV_ILN_164 | ||
912 | |a GBV_ILN_2008 | ||
912 | |a GBV_ILN_2062 | ||
912 | |a GBV_ILN_2206 | ||
912 | |a GBV_ILN_4012 | ||
912 | |a GBV_ILN_4125 | ||
912 | |a GBV_ILN_4305 | ||
912 | |a GBV_ILN_4311 | ||
951 | |a AR | ||
952 | |d 72 |j 2017 |e 5 |h 2279-2330 |
author_variant |
h j c hj hjc |
---|---|
matchkey_str |
article:00221082:2017----::oahlwogotsokral |
hierarchy_sort_str |
2017 |
publishDate |
2017 |
allfields |
10.1111/jofi.12518 doi PQ20171228 (DE-627)OLC1997236273 (DE-599)GBVOLC1997236273 (PRQ)p1358-e5167cc65462cad15776958ee7ec8d8970509a275e39d2177229c1babc8502c20 (KEY)0049639120170000072000502279docashflowsofgrowthstocksreallygrowfaster DE-627 ger DE-627 rakwb eng 330 DE-600 CHEN, HUAFENG (JASON) verfasserin aut Do Cash Flows of Growth Stocks Really Grow Faster? 2017 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier Contrary to conventional wisdom, growth stocks (i.e., low book‐to‐market stocks) do not have substantially higher future cash‐flow growth rates than value stocks, in both rebalanced and buy‐and‐hold portfolios. Efficiency growth, survivorship and look‐back biases, and the rebalancing effect help explain the results. These findings suggest that duration alone is unlikely to explain the value premium. Nutzungsrecht: © 2017 the American Finance Association Cash flow Growth stocks Stock prices Value stocks Enthalten in The journal of finance Hoboken, NJ [u.a.] : Wiley, 1946 72(2017), 5, Seite 2279-2330 (DE-627)12954552X (DE-600)218191-5 (DE-576)014995719 0022-1082 nnns volume:72 year:2017 number:5 pages:2279-2330 http://dx.doi.org/10.1111/jofi.12518 Volltext http://onlinelibrary.wiley.com/doi/10.1111/jofi.12518/abstract https://search.proquest.com/docview/1947142264 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_26 GBV_ILN_110 GBV_ILN_164 GBV_ILN_2008 GBV_ILN_2062 GBV_ILN_2206 GBV_ILN_4012 GBV_ILN_4125 GBV_ILN_4305 GBV_ILN_4311 AR 72 2017 5 2279-2330 |
spelling |
10.1111/jofi.12518 doi PQ20171228 (DE-627)OLC1997236273 (DE-599)GBVOLC1997236273 (PRQ)p1358-e5167cc65462cad15776958ee7ec8d8970509a275e39d2177229c1babc8502c20 (KEY)0049639120170000072000502279docashflowsofgrowthstocksreallygrowfaster DE-627 ger DE-627 rakwb eng 330 DE-600 CHEN, HUAFENG (JASON) verfasserin aut Do Cash Flows of Growth Stocks Really Grow Faster? 2017 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier Contrary to conventional wisdom, growth stocks (i.e., low book‐to‐market stocks) do not have substantially higher future cash‐flow growth rates than value stocks, in both rebalanced and buy‐and‐hold portfolios. Efficiency growth, survivorship and look‐back biases, and the rebalancing effect help explain the results. These findings suggest that duration alone is unlikely to explain the value premium. Nutzungsrecht: © 2017 the American Finance Association Cash flow Growth stocks Stock prices Value stocks Enthalten in The journal of finance Hoboken, NJ [u.a.] : Wiley, 1946 72(2017), 5, Seite 2279-2330 (DE-627)12954552X (DE-600)218191-5 (DE-576)014995719 0022-1082 nnns volume:72 year:2017 number:5 pages:2279-2330 http://dx.doi.org/10.1111/jofi.12518 Volltext http://onlinelibrary.wiley.com/doi/10.1111/jofi.12518/abstract https://search.proquest.com/docview/1947142264 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_26 GBV_ILN_110 GBV_ILN_164 GBV_ILN_2008 GBV_ILN_2062 GBV_ILN_2206 GBV_ILN_4012 GBV_ILN_4125 GBV_ILN_4305 GBV_ILN_4311 AR 72 2017 5 2279-2330 |
allfields_unstemmed |
10.1111/jofi.12518 doi PQ20171228 (DE-627)OLC1997236273 (DE-599)GBVOLC1997236273 (PRQ)p1358-e5167cc65462cad15776958ee7ec8d8970509a275e39d2177229c1babc8502c20 (KEY)0049639120170000072000502279docashflowsofgrowthstocksreallygrowfaster DE-627 ger DE-627 rakwb eng 330 DE-600 CHEN, HUAFENG (JASON) verfasserin aut Do Cash Flows of Growth Stocks Really Grow Faster? 2017 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier Contrary to conventional wisdom, growth stocks (i.e., low book‐to‐market stocks) do not have substantially higher future cash‐flow growth rates than value stocks, in both rebalanced and buy‐and‐hold portfolios. Efficiency growth, survivorship and look‐back biases, and the rebalancing effect help explain the results. These findings suggest that duration alone is unlikely to explain the value premium. Nutzungsrecht: © 2017 the American Finance Association Cash flow Growth stocks Stock prices Value stocks Enthalten in The journal of finance Hoboken, NJ [u.a.] : Wiley, 1946 72(2017), 5, Seite 2279-2330 (DE-627)12954552X (DE-600)218191-5 (DE-576)014995719 0022-1082 nnns volume:72 year:2017 number:5 pages:2279-2330 http://dx.doi.org/10.1111/jofi.12518 Volltext http://onlinelibrary.wiley.com/doi/10.1111/jofi.12518/abstract https://search.proquest.com/docview/1947142264 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_26 GBV_ILN_110 GBV_ILN_164 GBV_ILN_2008 GBV_ILN_2062 GBV_ILN_2206 GBV_ILN_4012 GBV_ILN_4125 GBV_ILN_4305 GBV_ILN_4311 AR 72 2017 5 2279-2330 |
allfieldsGer |
10.1111/jofi.12518 doi PQ20171228 (DE-627)OLC1997236273 (DE-599)GBVOLC1997236273 (PRQ)p1358-e5167cc65462cad15776958ee7ec8d8970509a275e39d2177229c1babc8502c20 (KEY)0049639120170000072000502279docashflowsofgrowthstocksreallygrowfaster DE-627 ger DE-627 rakwb eng 330 DE-600 CHEN, HUAFENG (JASON) verfasserin aut Do Cash Flows of Growth Stocks Really Grow Faster? 2017 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier Contrary to conventional wisdom, growth stocks (i.e., low book‐to‐market stocks) do not have substantially higher future cash‐flow growth rates than value stocks, in both rebalanced and buy‐and‐hold portfolios. Efficiency growth, survivorship and look‐back biases, and the rebalancing effect help explain the results. These findings suggest that duration alone is unlikely to explain the value premium. Nutzungsrecht: © 2017 the American Finance Association Cash flow Growth stocks Stock prices Value stocks Enthalten in The journal of finance Hoboken, NJ [u.a.] : Wiley, 1946 72(2017), 5, Seite 2279-2330 (DE-627)12954552X (DE-600)218191-5 (DE-576)014995719 0022-1082 nnns volume:72 year:2017 number:5 pages:2279-2330 http://dx.doi.org/10.1111/jofi.12518 Volltext http://onlinelibrary.wiley.com/doi/10.1111/jofi.12518/abstract https://search.proquest.com/docview/1947142264 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_26 GBV_ILN_110 GBV_ILN_164 GBV_ILN_2008 GBV_ILN_2062 GBV_ILN_2206 GBV_ILN_4012 GBV_ILN_4125 GBV_ILN_4305 GBV_ILN_4311 AR 72 2017 5 2279-2330 |
allfieldsSound |
10.1111/jofi.12518 doi PQ20171228 (DE-627)OLC1997236273 (DE-599)GBVOLC1997236273 (PRQ)p1358-e5167cc65462cad15776958ee7ec8d8970509a275e39d2177229c1babc8502c20 (KEY)0049639120170000072000502279docashflowsofgrowthstocksreallygrowfaster DE-627 ger DE-627 rakwb eng 330 DE-600 CHEN, HUAFENG (JASON) verfasserin aut Do Cash Flows of Growth Stocks Really Grow Faster? 2017 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier Contrary to conventional wisdom, growth stocks (i.e., low book‐to‐market stocks) do not have substantially higher future cash‐flow growth rates than value stocks, in both rebalanced and buy‐and‐hold portfolios. Efficiency growth, survivorship and look‐back biases, and the rebalancing effect help explain the results. These findings suggest that duration alone is unlikely to explain the value premium. Nutzungsrecht: © 2017 the American Finance Association Cash flow Growth stocks Stock prices Value stocks Enthalten in The journal of finance Hoboken, NJ [u.a.] : Wiley, 1946 72(2017), 5, Seite 2279-2330 (DE-627)12954552X (DE-600)218191-5 (DE-576)014995719 0022-1082 nnns volume:72 year:2017 number:5 pages:2279-2330 http://dx.doi.org/10.1111/jofi.12518 Volltext http://onlinelibrary.wiley.com/doi/10.1111/jofi.12518/abstract https://search.proquest.com/docview/1947142264 GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_26 GBV_ILN_110 GBV_ILN_164 GBV_ILN_2008 GBV_ILN_2062 GBV_ILN_2206 GBV_ILN_4012 GBV_ILN_4125 GBV_ILN_4305 GBV_ILN_4311 AR 72 2017 5 2279-2330 |
language |
English |
source |
Enthalten in The journal of finance 72(2017), 5, Seite 2279-2330 volume:72 year:2017 number:5 pages:2279-2330 |
sourceStr |
Enthalten in The journal of finance 72(2017), 5, Seite 2279-2330 volume:72 year:2017 number:5 pages:2279-2330 |
format_phy_str_mv |
Article |
institution |
findex.gbv.de |
topic_facet |
Cash flow Growth stocks Stock prices Value stocks |
dewey-raw |
330 |
isfreeaccess_bool |
false |
container_title |
The journal of finance |
authorswithroles_txt_mv |
CHEN, HUAFENG (JASON) @@aut@@ |
publishDateDaySort_date |
2017-01-01T00:00:00Z |
hierarchy_top_id |
12954552X |
dewey-sort |
3330 |
id |
OLC1997236273 |
language_de |
englisch |
fullrecord |
<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01000caa a2200265 4500</leader><controlfield tag="001">OLC1997236273</controlfield><controlfield tag="003">DE-627</controlfield><controlfield tag="005">20230715072856.0</controlfield><controlfield tag="007">tu</controlfield><controlfield tag="008">171125s2017 xx ||||| 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1111/jofi.12518</subfield><subfield code="2">doi</subfield></datafield><datafield tag="028" ind1="5" ind2="2"><subfield code="a">PQ20171228</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627)OLC1997236273</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVOLC1997236273</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(PRQ)p1358-e5167cc65462cad15776958ee7ec8d8970509a275e39d2177229c1babc8502c20</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(KEY)0049639120170000072000502279docashflowsofgrowthstocksreallygrowfaster</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2="4"><subfield code="a">330</subfield><subfield code="q">DE-600</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">CHEN, HUAFENG (JASON)</subfield><subfield code="e">verfasserin</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Do Cash Flows of Growth Stocks Really Grow Faster?</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2017</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">ohne Hilfsmittel zu benutzen</subfield><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Band</subfield><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Contrary to conventional wisdom, growth stocks (i.e., low book‐to‐market stocks) do not have substantially higher future cash‐flow growth rates than value stocks, in both rebalanced and buy‐and‐hold portfolios. Efficiency growth, survivorship and look‐back biases, and the rebalancing effect help explain the results. These findings suggest that duration alone is unlikely to explain the value premium.</subfield></datafield><datafield tag="540" ind1=" " ind2=" "><subfield code="a">Nutzungsrecht: © 2017 the American Finance Association</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Cash flow</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Growth stocks</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Stock prices</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Value stocks</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Enthalten in</subfield><subfield code="t">The journal of finance</subfield><subfield code="d">Hoboken, NJ [u.a.] : Wiley, 1946</subfield><subfield code="g">72(2017), 5, Seite 2279-2330</subfield><subfield code="w">(DE-627)12954552X</subfield><subfield code="w">(DE-600)218191-5</subfield><subfield code="w">(DE-576)014995719</subfield><subfield code="x">0022-1082</subfield><subfield code="7">nnns</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:72</subfield><subfield code="g">year:2017</subfield><subfield code="g">number:5</subfield><subfield code="g">pages:2279-2330</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://dx.doi.org/10.1111/jofi.12518</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="u">http://onlinelibrary.wiley.com/doi/10.1111/jofi.12518/abstract</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="u">https://search.proquest.com/docview/1947142264</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_USEFLAG_A</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SYSFLAG_A</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_OLC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SSG-OLC-WIW</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_11</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_20</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_22</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_26</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_110</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_164</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2008</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2062</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2206</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4012</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4125</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4305</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4311</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="952" ind1=" " ind2=" "><subfield code="d">72</subfield><subfield code="j">2017</subfield><subfield code="e">5</subfield><subfield code="h">2279-2330</subfield></datafield></record></collection>
|
author |
CHEN, HUAFENG (JASON) |
spellingShingle |
CHEN, HUAFENG (JASON) ddc 330 misc Cash flow misc Growth stocks misc Stock prices misc Value stocks Do Cash Flows of Growth Stocks Really Grow Faster? |
authorStr |
CHEN, HUAFENG (JASON) |
ppnlink_with_tag_str_mv |
@@773@@(DE-627)12954552X |
format |
Article |
dewey-ones |
330 - Economics |
delete_txt_mv |
keep |
author_role |
aut |
collection |
OLC |
remote_str |
false |
illustrated |
Not Illustrated |
issn |
0022-1082 |
topic_title |
330 DE-600 Do Cash Flows of Growth Stocks Really Grow Faster? Cash flow Growth stocks Stock prices Value stocks |
topic |
ddc 330 misc Cash flow misc Growth stocks misc Stock prices misc Value stocks |
topic_unstemmed |
ddc 330 misc Cash flow misc Growth stocks misc Stock prices misc Value stocks |
topic_browse |
ddc 330 misc Cash flow misc Growth stocks misc Stock prices misc Value stocks |
format_facet |
Aufsätze Gedruckte Aufsätze |
format_main_str_mv |
Text Zeitschrift/Artikel |
carriertype_str_mv |
nc |
hierarchy_parent_title |
The journal of finance |
hierarchy_parent_id |
12954552X |
dewey-tens |
330 - Economics |
hierarchy_top_title |
The journal of finance |
isfreeaccess_txt |
false |
familylinks_str_mv |
(DE-627)12954552X (DE-600)218191-5 (DE-576)014995719 |
title |
Do Cash Flows of Growth Stocks Really Grow Faster? |
ctrlnum |
(DE-627)OLC1997236273 (DE-599)GBVOLC1997236273 (PRQ)p1358-e5167cc65462cad15776958ee7ec8d8970509a275e39d2177229c1babc8502c20 (KEY)0049639120170000072000502279docashflowsofgrowthstocksreallygrowfaster |
title_full |
Do Cash Flows of Growth Stocks Really Grow Faster? |
author_sort |
CHEN, HUAFENG (JASON) |
journal |
The journal of finance |
journalStr |
The journal of finance |
lang_code |
eng |
isOA_bool |
false |
dewey-hundreds |
300 - Social sciences |
recordtype |
marc |
publishDateSort |
2017 |
contenttype_str_mv |
txt |
container_start_page |
2279 |
author_browse |
CHEN, HUAFENG (JASON) |
container_volume |
72 |
class |
330 DE-600 |
format_se |
Aufsätze |
author-letter |
CHEN, HUAFENG (JASON) |
doi_str_mv |
10.1111/jofi.12518 |
dewey-full |
330 |
title_sort |
do cash flows of growth stocks really grow faster? |
title_auth |
Do Cash Flows of Growth Stocks Really Grow Faster? |
abstract |
Contrary to conventional wisdom, growth stocks (i.e., low book‐to‐market stocks) do not have substantially higher future cash‐flow growth rates than value stocks, in both rebalanced and buy‐and‐hold portfolios. Efficiency growth, survivorship and look‐back biases, and the rebalancing effect help explain the results. These findings suggest that duration alone is unlikely to explain the value premium. |
abstractGer |
Contrary to conventional wisdom, growth stocks (i.e., low book‐to‐market stocks) do not have substantially higher future cash‐flow growth rates than value stocks, in both rebalanced and buy‐and‐hold portfolios. Efficiency growth, survivorship and look‐back biases, and the rebalancing effect help explain the results. These findings suggest that duration alone is unlikely to explain the value premium. |
abstract_unstemmed |
Contrary to conventional wisdom, growth stocks (i.e., low book‐to‐market stocks) do not have substantially higher future cash‐flow growth rates than value stocks, in both rebalanced and buy‐and‐hold portfolios. Efficiency growth, survivorship and look‐back biases, and the rebalancing effect help explain the results. These findings suggest that duration alone is unlikely to explain the value premium. |
collection_details |
GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW GBV_ILN_11 GBV_ILN_20 GBV_ILN_22 GBV_ILN_26 GBV_ILN_110 GBV_ILN_164 GBV_ILN_2008 GBV_ILN_2062 GBV_ILN_2206 GBV_ILN_4012 GBV_ILN_4125 GBV_ILN_4305 GBV_ILN_4311 |
container_issue |
5 |
title_short |
Do Cash Flows of Growth Stocks Really Grow Faster? |
url |
http://dx.doi.org/10.1111/jofi.12518 http://onlinelibrary.wiley.com/doi/10.1111/jofi.12518/abstract https://search.proquest.com/docview/1947142264 |
remote_bool |
false |
ppnlink |
12954552X |
mediatype_str_mv |
n |
isOA_txt |
false |
hochschulschrift_bool |
false |
doi_str |
10.1111/jofi.12518 |
up_date |
2024-07-04T02:29:05.600Z |
_version_ |
1803613787234762752 |
fullrecord_marcxml |
<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>01000caa a2200265 4500</leader><controlfield tag="001">OLC1997236273</controlfield><controlfield tag="003">DE-627</controlfield><controlfield tag="005">20230715072856.0</controlfield><controlfield tag="007">tu</controlfield><controlfield tag="008">171125s2017 xx ||||| 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1111/jofi.12518</subfield><subfield code="2">doi</subfield></datafield><datafield tag="028" ind1="5" ind2="2"><subfield code="a">PQ20171228</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627)OLC1997236273</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)GBVOLC1997236273</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(PRQ)p1358-e5167cc65462cad15776958ee7ec8d8970509a275e39d2177229c1babc8502c20</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(KEY)0049639120170000072000502279docashflowsofgrowthstocksreallygrowfaster</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rakwb</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2="4"><subfield code="a">330</subfield><subfield code="q">DE-600</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">CHEN, HUAFENG (JASON)</subfield><subfield code="e">verfasserin</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Do Cash Flows of Growth Stocks Really Grow Faster?</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="c">2017</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">ohne Hilfsmittel zu benutzen</subfield><subfield code="b">n</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Band</subfield><subfield code="b">nc</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Contrary to conventional wisdom, growth stocks (i.e., low book‐to‐market stocks) do not have substantially higher future cash‐flow growth rates than value stocks, in both rebalanced and buy‐and‐hold portfolios. Efficiency growth, survivorship and look‐back biases, and the rebalancing effect help explain the results. These findings suggest that duration alone is unlikely to explain the value premium.</subfield></datafield><datafield tag="540" ind1=" " ind2=" "><subfield code="a">Nutzungsrecht: © 2017 the American Finance Association</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Cash flow</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Growth stocks</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Stock prices</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Value stocks</subfield></datafield><datafield tag="773" ind1="0" ind2="8"><subfield code="i">Enthalten in</subfield><subfield code="t">The journal of finance</subfield><subfield code="d">Hoboken, NJ [u.a.] : Wiley, 1946</subfield><subfield code="g">72(2017), 5, Seite 2279-2330</subfield><subfield code="w">(DE-627)12954552X</subfield><subfield code="w">(DE-600)218191-5</subfield><subfield code="w">(DE-576)014995719</subfield><subfield code="x">0022-1082</subfield><subfield code="7">nnns</subfield></datafield><datafield tag="773" ind1="1" ind2="8"><subfield code="g">volume:72</subfield><subfield code="g">year:2017</subfield><subfield code="g">number:5</subfield><subfield code="g">pages:2279-2330</subfield></datafield><datafield tag="856" ind1="4" ind2="1"><subfield code="u">http://dx.doi.org/10.1111/jofi.12518</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="u">http://onlinelibrary.wiley.com/doi/10.1111/jofi.12518/abstract</subfield></datafield><datafield tag="856" ind1="4" ind2="2"><subfield code="u">https://search.proquest.com/docview/1947142264</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_USEFLAG_A</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SYSFLAG_A</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_OLC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">SSG-OLC-WIW</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_11</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_20</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_22</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_26</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_110</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_164</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2008</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2062</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_2206</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4012</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4125</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4305</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">GBV_ILN_4311</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">AR</subfield></datafield><datafield tag="952" ind1=" " ind2=" "><subfield code="d">72</subfield><subfield code="j">2017</subfield><subfield code="e">5</subfield><subfield code="h">2279-2330</subfield></datafield></record></collection>
|
score |
7.4007225 |