Examining The Performance of A Value Investing Heuristic: Evidence From The S&P/Tsx 60 From 2001-2011

Eben OTUTEYE; Mohammad SİDDİQUEE

Makale detayları

Examining The Performance of A Value Investing Heuristic: Evidence From The S&P/Tsx 60 From 2001-2011

Yazarlar:

Eben OTUTEYE | Mohammad SİDDİQUEE

Yayıncı:

PressAcademia

Dergi:

Journal of Business Economics and Finance 2013 Vol.2 Issue 4, pp.67-81

Belge Tipi:

Makale

Yayın Tarihi:

11/2013

Belge Dili:

Türkçe

Document ID (Org No.):

2000738142

Sıklık:

Üç Aylık

eISSN:

2146-7943

Özet:

 

Heuristics are useful practical tools for cutting through the complex confluence of uncertainty, limited information and bounded rationality. We develop a simple heuristic for making value investing decisions based on profitability, financial stability, susceptibility to bankruptcy, and margin of safety. As an empirical test, we apply this heuristic to the S&P/TSX 60 group of companies of the Toronto Stock Exchange. Analysis of the data shows that the portfolio that is picked from the S&P/TSX 60 by the heuristic has desirable characteristics required of value portfolios. Thus the heuristic can be viewed as a reliable set of value investing decision criteria.

Makale detayları

Examining The Performance of A Value Investing Heuristic: Evidence From The S&P/Tsx 60 From 2001-2011

Yazarlar: Eben OTUTEYE | Mohammad SİDDİQUEE

Yayıncı: PressAcademia

Dergi: Journal of Business Economics and Finance 2013 Vol.2 Issue 4, pp.67-81

Belge Tipi: Makale

Yayın Tarihi: 11/2013

Belge Dili: Türkçe

Document ID (Org No.): 2000738142

Sıklık: Üç Aylık

eISSN: 2146-7943

Sayı

Yazarlar:

Eben OTUTEYE | Mohammad SİDDİQUEE

Yayıncı:

PressAcademia

Dergi:

Journal of Business Economics and Finance 2013 Vol.2 Issue 4, pp.67-81

Belge Tipi:

Makale

Yayın Tarihi:

11/2013

Belge Dili:

Türkçe

Document ID (Org No.):

2000738142

Sıklık:

Üç Aylık

eISSN:

2146-7943