Reports from value investing giant Brandes Investments. "This paper has two objectives: 1) investigate existing metrics for defining the global small-cap universe and examine their relationship to performance, 2) introduce regional and country universes designed to accommodate detailed analysis of constituent-level fundamentals to perhaps better explain performance differences smaong global small caps - and relative to large caps."
"We plan to extend our fundamental analysis of the global small-cap universe using metrics that seek to define companies in terms of their point on a "lifecycle" and the relationship, if any, of these lifecycle points and performance. In essence, we plan to explore whether more U. S. firms are in the early stages of their lifecycles - and whether this is a link between liftcycle phases for a business and performance"
Read the complete article, total 77 pages
"We plan to extend our fundamental analysis of the global small-cap universe using metrics that seek to define companies in terms of their point on a "lifecycle" and the relationship, if any, of these lifecycle points and performance. In essence, we plan to explore whether more U. S. firms are in the early stages of their lifecycles - and whether this is a link between liftcycle phases for a business and performance"
Read the complete article, total 77 pages
