Value and growth stocks show no difference in returns post-crisis.
The study looked at whether there were differences in stock returns between value and growth stocks in Indonesia before and after the 2008 global financial crisis. They formed portfolios based on stock data from 2002 and 2009, using criteria like Price-to-Earnings ratio. After analyzing the returns and Sharpe ratio, the researchers found no significant differences between the two types of stocks. This means that choosing between value and growth stocks may not guarantee higher returns.