Earticle

초록

영어

In this paper we analyse performance of value strategy and moving average method among the non-financial listed companies whose fiscal year ends at December in the Korean Stock Exchange between 1996 and 2005. And we analyse combination investment performance of value investment and moving average method. After the analysis objective enterprises divide with the value stock and the growth stock, in accordance with moving average method we divide ascending stock and descending stock. And we compose 6 portfolios with combination of value stock, growth stock, ascending stock and descending stock. Using the difference of investment performance of these portfolios, when fundamental analysis and technical analysis method all considering we measure investment performance. The major findings of this research are as follows: First, the value strategy of buying value stocks and selling growth stocks were effective in the long-term investment. Second, using the moving average method, technical analysis were effective in the case of the short-term investment. Third, the portfolios combined fundamental analysis and technical analysis were more effective than investment performance of technical analysis.

목차

Ⅰ. 서 론
 Ⅱ. 이론적 배경과 연구방법론
  1. 가치투자전략과 이동평균법
  2. 연구방법론
 Ⅲ. 실증분석결과
  1. 가치투자전략의 투자성과
  2. 이동평균법에 의한 투자성과
  3. 가치비율과 이동평균법의 결합효과
 Ⅳ. 요약 및 결론
 참고문헌
 Abstract

키워드

저자

• 장경천 [ Chang, Kyung-chun | 중앙대학교 상경학부 ]
• 김연권 [ Kim, Yeon-gueon | 중앙대학교 상경학부 ]
• 김현석 [ Kim, Hyun-seok | 대림대학 경영정보계열 ]

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  경영과 정보연구 [Management Information Systems review]

• 간기

  계간

• pISSN

  1598-2459

• 수록기간

  1997~2026

• 등재여부

  KCI 등재

• 십진분류

  KDC 325 DDC 658