Please use this identifier to cite or link to this item: http://hdl.handle.net/11422/9131
Type: Relatório
Title: Does this dog hunt? Testing the performance of the dogs of the dow strategy in the U.S. and in Brazil
Author(s)/Inventor(s): Leal, Ricardo Pereira Câmara
Silva, André Luiz Carvalhal da
Abstract: Indisponível
Abstract: This study analyzes the performance of the Dogs of the Dow Jones (DoD) investment strategy in the U.S and in Brazil on an absolute and on a risk adjusted basis. The DoD is a value oriented strategy that calls for investing equal dollar amounts in the highest yielding components of the Dow Jones. Our performance evaluation findings demonstrate that the DoD strategy shows only limited evidence that it can add value as an investment strategy in the U.S stock market. The use of the DoD strategy in Brazil shows virtually no evidence that it can add value as an investment strategy. Our analysis suggests that the dividend yield may not be a good variable to select value stocks in the U.S and in Brazil given existing empirical evidence that value stocks have outperformed growth stocks in these markets.
Keywords: Mercado de capitais
Análise de investimentos
Working paper
Subject CNPq: CNPQ::CIENCIAS SOCIAIS APLICADAS::ADMINISTRACAO
Department : Instituto COPPEAD de Administração
Publisher: Universidade Federal do Rio de Janeiro
In: Relatórios COPPEAD
Issue: 332
Issue Date: 2000
Publisher country: Brasil
Language: por
Right access: Acesso Aberto
ISSN: 1518-3335
Citation: LEAL, Ricardo Pereira Câmara; SILVA, André Luiz Carvalhal da. Does this dog hunt? Testing the performance of the dog of the dow strategy in the U.S. and in Brazil. Rio de Janeiro: UFRJ, 2000. 19 p. (Relatórios COPPEAD, 332)
URI: http://hdl.handle.net/11422/9131
Appears in Collections:Relatórios Técnicos e de Pesquisa

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