Download the new Working Paper 02/2009 here

The second issue of the new Working Paper Series at CCG by Ole Risager deals with the value premium in the Danish market. On the basis of a unique data set that extends over more than half a century, this paper not only shows that there is a value premium in the Danish market but also that growth stocks only produce high earnings growth in the run-up to portfolio formation.

Ole Risager, professor, PhD, has published extensively on foreign exchange markets, equity markets, labor markets, and macroeconomics. His work has appeared in journals like the European Economic Review, Canadian Journal of Economics, Scandinavian Journal of Economics, etc. as well as in outlets published by the IMF and the World Bank. His current research is on investment strategies, including value and growth strategies, and the global financial crisis, including governance issues. He has previously served as a senior economist to the IMF, Washington DC and as a consultant to the World Bank. He has also been Vice President at A.P. Møller-Mærsk, Copenhagen. Ole Risager is Chairman for the Core German Residential II, a real estate investment company, and a Board Member of LD Invest, a mutual investment fund.