George Athanassakos is a Professor of Finance and the Ben Graham Chair in Value Investing at Ivey Business School. He has been ranked among the top by Dr. George Athanassakos, Professor of Finance, Ben Graham Chair in Value Investing and Director, Ben Graham Centre of Value Investing – Ivey Business. Dr. George Athanassakos. Professor of Finance Ben Graham Chair in Value Investing & Founder & Managing Director, Ben Graham Centre for Value Investing.
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Learn how value is created. Moreover, our logit regression analysis shows that companies with better stock market performance exhibited higher likelihood of using EVA. However, the seasonality in the excess returns of the Canadian government bonds is opposite in direction from that of the Canadian stocks. He is author of numerous academic research papers and of two books, Derivatives Fundamentals and Equity Valuation. Link s to publication: We find a consistently strong and pervasive value geprge over the sample period.
Accede mediante Facebook Accede mediante Twitter Accede mediante mail. He has researched extensively the Canadian Capital Markets, Stock and Bond Market anomalies, and Bond and Equity valuation issues both from a traditional valuation and Value Investing point of view. The purpose of this article is first to examine whether a value premium exists following a mechanical screening process i. Using Canadian data for the periodthis paper provides geogre in support of the gamesmanship hypothesis.
We were able to construct a composite score indicator SCOREcombining various fundamental and market metrics, which enabled us to predict future stock returns and separate the winners from the losers among value and growth stocks. The paper utilizes a more comprehensive set of data and tests than previous studies and a research methodology that minimizes potential data snooping problems and confounding inferences.
He has been ranked among the top 10 researchers in Canada and among the top 10 Canadian professors. Research Publications To search for publications by a specific faculty member, select the athanassqkos and then select the name from the Author drop down menu.
Rules to identify potentially undervalued stocks. The paper extends this analysis to both value and growth stocks.
George Athanassakos | Faculty
The other difference between interlisted and non-interlisted firms is with regards to stock liquidity, debt to equity and market cap metrics, as well as to the fact that a typical size athanasdakos does not exist for interlisted stocks. Prior to joining Ivey, Dr.
All robustness tests substantiate and consolidate the support for the gamesmanship hypothesis. In athanassakls of explaining georbe drivers of the value premium, having looked at this question from many angles, we conclude that the evidence is mixed. Results remain robust for a time period out of sample, for negative PE or PB ratio firms and for the firms that were excluded from SCORE based performance, namely, AMEX stocks, stocks with high business risk and firms that reported extraordinary items the year before.
Use “margin of safety” to do portfolio choices and limit risk beyond diversification. Athanassakos has been ranked among the top 10 georgge in Canada by research published in Financial Management and among the top 10 Canadian professors by the Globe and Mail. First, to determine whether there is value premium in our sample of Canadian non-interlisted and interlisted stocks for the period May 1, April aghanassakos, The opposite is true for government of Canada bonds.
Results are stronger for interlisted than noninterlisted stocks.
Results remain robust out of sample. This article attempts to demonstrate that Internet venture valuations are not subject to different valuation standards and rules, even though one needs to expand on the traditional valuation approach to make it applicable to internet valuations.
The purpose of this paper is two-fold a to determine whether there is value premium in our sample of US stocks for the period May 1, April 30,and b to examine whether an additional screening to the first step of the value investing process can be employed to separate the outperforming value and growth stocks from the underperforming ones.
We document a consistently strong value premium in all markets examined, which persists in both bull and bear markets, as well as in recessions and recoveries. We are able to construct a composite score indicator SCOREcombining various fundamental and market metrics, which enable us not only to separate the winners from the losers among value and growth stocks, but also to predict future returns of value and growth stocks.
Firms that are more visible to American investors are traded more heavily in the U. This indicates that prior academic research was right in excluding negative multiple firms from their analysis.
Skip to Main Content. Evidence is provided in favour of time diversification, while the current market Practice of life cycle investing is not fully supported as stocks continue to exhibit more favourable risk-return payoffs than other asset classes, even at shorter time intervals. Finally, the paper shows that the difference we observe in value and growth stock return seasonality is not driven by size, but it is rather a pure value effect.
He has researched extensively the institutional attributes of the Canadian capital markets, the effect institutional trading and analysts’ forecasts have on stock market performance, stock and bond market anomalies and bond and equity valuation issues.
Public lecture by Dr. George Athanassakos (30/5/16)
We extend this research by examining whether measurable behavioral and personality factors predict athanaesakos style, including risk tolerance, time preference, overconfidence, personal evaluation of the investment opportunity, and character strengths. Recent research suggests that biology plays a significant role in determining investment style. Seasonality is also observed in the value premium. Purpose – The purpose of this paper is to determine the extent to which Canadian georbe have embraced value-based management VBM methods, identify the characteristics of these companies and of the executives responsible for the introduction of VBM in their organisations and assess the stock price performance of the companies that use VMB vs.
GEORGE ATHANASSAKOS – Among the top 10 researchers in Canada |
Value stocks, on average, beat growth stocks even georgr using the very mechanical screening of the search process. We show that the value premium is not driven by a few outliers, but it is pervasive. Findings – The study finds that value-based management methods are widely used in Canada, with the likelihood of usage being higher for larger companies with younger and more educated executives with an accountingfinance background.