An Empirical Research of Growth Investing and Value Investing Strategies

• Main Authors: Ching Lin, 林青
• Other Authors: Chih-Wei Lee Ph. D.
• Format: Others
• Language: zh-TW
• Published: 2012
• Online Access: http://ndltd.ncl.edu.tw/handle/30784859986858596645

碩士 === 國立臺北商業技術學院 === 財務金融研究所 === 100 === The main purpose of this study is to find a simple way for individual investors to make stable profit in Taiwan stock market. We utilize value investing strategy to get the portfolio with both higher return and higher Sharpe ratio than market portfolio. The empirical results show that buying stocks with higher B/P ratio and selling stocks with lower B/P ratio would build up a practical portfolio which has higher return and Sharpe ratio than market portfolio. Adjusting stocks by the criteria yearly could effectively bring stable return to investors. Thus, it would be a simple and practical way to invest in Taiwan stock market.