Yeh, I-Cheng; Liu, Yi-Cheng - In: Financial innovation : FIN 9 (2023) 1, pp. 1-37
The Growth Value Model (GVM) proposed theoretical closed form formulas consisting of Return on Equity (ROE) and the Price-to-Book value ratio (P/B) for fair stock prices and expected rates of return. Although regression analysis can be employed to verify these theoretical closed form formulas,...
