The Global Rise of the Value-Weighted Portfolio

被引：15

作者：

Bhattacharya, Utpal ^{[1
]}

Galpin, Neal ^{[2
]}

机构：

[1] Indiana Univ, Kelley Sch Business, Bloomington, IN 47405 USA

[2] Texas A&M Univ, Mays Business Sch, College Stn, TX 77845 USA

来源：

JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS | 2011年 / 46卷 / 03期

关键词：

TRADING VOLUME; PERFORMANCE; SELECTION;

D O I：

10.1017/S0022109011000044

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We first develop a theory-based metric to judge the popularity of value weighting in a stock market. We then use our metric to document that although value weighting is less popular in emerging markets than in developed markets, its popularity is increasing almost everywhere. Finally, as we have better data for the United States, we explore why value weighting is becoming more popular in the United States.

引用

页码：737 / 756

页数：20

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