Global Small-Cap Stocks: A Life Cycle Perspective

50 Pages Posted: 24 Nov 2008

Date Written: August 15, 2008

Abstract

In previous research, Global Small-Cap Stocks: Reexamined and Redefined, the Brandes Institute found divergent construction methodologies among global small-cap index providers and introduced a custom series of country and regional small-cap universes to explore detailed historical fundamental data. In the second phase of this research, Global Small-Cap Stocks: A Life Cycle Perspective, we use life cycle analysis to sort companies into different phases of development and challenge the notion that international small caps are similar to domestic small caps. In this research, we make a number of interesting discoveries on why international small caps are structurally different from domestic small caps, or even international large-cap stocks.

Keywords: Brandes, Brandes Institute, international investing, small cap, small-cap stocks, international small caps, life cycle,

JEL Classification: F30

Suggested Citation

Institute, Brandes, Global Small-Cap Stocks: A Life Cycle Perspective (August 15, 2008). Brandes Institute Research Paper No. 2008-07. Available at SSRN: https://ssrn.com/abstract=1289403 or http://dx.doi.org/10.2139/ssrn.1289403

Brandes Institute (Contact Author)

Brandes Investment Partners ( email )

11988 El Camino Real, Suite 500
P.O. Box 919048
San Diego, CA 92191-9048
United States

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