The Performance of Value and Growth Portfolios in East Asia before the Asian Financial Crisis

• Main Authors: DING, David K., Chua, Jia-Leng, Fetherston, Thomas A.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2005
• Subjects: Value and growth portfolios; East Asia; Asian financial crisis; Asian Studies; Business; Corporate Finance; Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/1155; https://ink.library.smu.edu.sg/context/lkcsb_research/article/2154/viewcontent/1_s2.0_S0927538X0400040X_main.pdf
• Institution: Singapore Management University

We examine value and growth portfolios in seven East Asian countries just before the onslaught of the 1997 Asian Financial Crisis. The value premiums in these countries, except in Indonesia, Taiwan, and Thailand, are found to be mainly positive. After controlling for firm size, risk, liquidity, and...