Brouwer, I.; van der Put, J.; Veld, C.H. - Tilburg University, Center for Economic Research - 1996
In this paper we study value strategies for four European countries (France, Germany, the Netherlands and the United Kingdom).We find an outperformance for all four value variables which are investigated: the earnings-to-price (E/P) ratio, the cash-flow-to-price (CF/P) ratio, the book-to-market...
