Comparison of Return on Value Stocks with Growth Stocks in Tehran Stock Exchange
Today, the concept of value and growth stocks have been studied as one of the most important investment strategies in various capital markets. The main purpose of this study is comparison returns of growth stocks with value stocks of listed companies in Tehran stock exchange. Therefore, five-year data of 50 companies were collected (2007-2011) and based on P/E ratio (price-to-earnings) were classified in five categories. Then, return average of each groups were compared. The results of study show that the difference between the average of return on growth stocks and value stocks was significant. The average of return on value stock is more than growth stock.
Abstract This paper presents a model of investment in six African economies over the 1970s and 80s, paying particular attention to the impact of the policy reforms which have accompanied structural adjustment programmes. A priori, the impact of trade reform on investment can be positive or negative; in practise, there is some evidence that it might be negative.