Why do recent studies find that the value premium declines over time? In their April 2020 paper entitled “The Fundamental-to-Market Ratio and the Value Premium Decline”, Andrei Gonçalves and Gregory Leonard investigate whether book value (book equity, BE) is a good proxy for actual fundamental value (fundamental equity, FE). They measure FE for each firm…… Keep Reading
The post Divergence of Book Value from Actual Value? appeared first on CXO Advisory.
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