Tag: Value Stocks

Penman – The Value Trap: Value Buys Risky Growth

Penman – The Value Trap: Value Buys Risky Growth

The Value Trap: Value Buys Risky Growth by  Stephen Penman Also see our interview with Stephen Penman Stephen Penman Columbia Business School, Columbia University Francesco Reggiani Bocconi University Abstract: So-called value stocks earn higher returns than growth stocks on average. However, […]