The global rise of the value-weighted portfolio

Utpal Bhattacharya, Neal Galpin

Research output: Contribution to journalArticleResearchpeer-review

19 Citations (Scopus)

Abstract

We first develop a theory-based metric to judge the popularity of value weighting in a stock market. We then use our metric to document that although value weighting is less popular in emerging markets than in developed markets, its popularity is increasing almost everywhere. Finally, as we have better data for the United States, we explore why value weighting is becoming more popular in the United States.

Original languageEnglish
Pages (from-to)737-756
Number of pages20
JournalJournal of Financial and Quantitative Analysis
Volume46
Issue number3
DOIs
Publication statusPublished - 1 Jun 2011
Externally publishedYes

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