Not exact matches
More importantly, the value premium increases as we go to lower earnings quality firms, and this is primarily because of a
decline in one year ahead mean returns of the growth
stocks across the earnings quality quartiles and a
corresponding rise
in mean returns of the value
stocks.
During the early part of 2016, when
stocks experienced their latest round of turmoil, a number of the companies followed by Boyar Research suffered a significant price
decline without a
corresponding deterioration
in their private market value.
There were only two other times since the Fed began doing the survey
in the late 1980s that income at the top
declined — the survey covering 1989 to 1992, which
corresponded with a recession — and the survey from 2001 to 2004, coming out of the bursting of the bubble
in tech
stocks and brief recession.