Reference no: EM13975132 , Length: word count:2500

1. "Is value riskier than growth? ....The zealots of market efficiency argue that the value premium must be the result of investors taking on fundamental risk. The behaviouralists argue that value outperforms because investors regularly make mistakes such as overpaying for growth." (James Montier (2009) ‘Value Investing', p. 57.)

Discuss this statement and critically evaluate the empirical evidence related to this debate.

2. Using the techniques of fundamental analysis, identify one value stock and one growth stock and analyse their characteristics and recent performance.

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Guidance on referencing can be found in the programme handbook and on DUO.

For the first question, the literature will focus on the work of Petkova, R. and Zhang, L., 2005. Is value riskier than growth?. Journal of Financial Economics, 78(1), pp.187-202.

and the first question need to be critical and at least 5 academic journal included in the paper