Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Is Industry-Specific Value Premium Declining? Evidence from India Subject The topic of the resource Asset Pricing; Firm Size; January Effect; Portfolio Management; Regulated Industries; Stock Returns; Value Premium Description An account of the resource This article examines whether the literature promised value effect exists and the changing nature of value premium at the industry level. It also determines the value premiums strength by controlling the January effect within and across the regulated industry groups. This is done by utilizing the two most prominent pricing models: FamaFrench three- and five-factor, considering all listed firms trading at BSE India between 1999 and 2020. The results show that a significant value effect exists in 15 of the 17 regulated industry groups over 21.5 years, while sub-period analysis revealed variation in the value effect at industry-based portfolio returns. We developed quintile and multivariate portfolios within and across the industries. Results show that the industry-specific value premium has been relatively low in the current decade due to decreasing industry portfolio returns and increasing P/B ratios within industry groups. The study also used the GRS test to explore the explanatory power of models. Results indicated that the explanatory power of models has declined in post-crisis periods. While controlling the January effect, the value premium has slightly diminished within and across the industry groups in the recent decade. We also observed that investors who seek to allocate assets within and across industries are likely to have potentially predictable and pretty stable returns. While other countries have found industry-specific value premiums, no such study has been conducted in India. As a first attempt, these findings are relevant for investors and academia. 2022 Management Development Institute. Creator An entity primarily responsible for making the resource Sharma B.; Srikanth P.; Suresha B. Source A related resource from which the described resource is derived Vision Publisher An entity responsible for making the resource available Sage Publications India Pvt. Ltd Date A point or period of time associated with an event in the lifecycle of the resource 2022-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.1177/09722629221130214" target="_blank" rel="noreferrer noopener">https://doi.org/10.1177/09722629221130214</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85142758124&amp;doi=10.1177%2F09722629221130214&amp;partnerID=40&amp;md5=4c159b83a83d23fda3d0de7cad9a1743" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85142758124&amp;doi=10.1177%2f09722629221130214&amp;partnerID=40&amp;md5=4c159b83a83d23fda3d0de7cad9a1743</a> Rights Information about rights held in and over the resource Restricted Access Relation A related resource ISSN: 9722629 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Sharma B., Christ University, Mysore Road, Kengeri Campus, Karnataka, Bangalore, India; Srikanth P., Christ University, Mysore Road, Kengeri Campus, Karnataka, Bangalore, India; Suresha B., Christ University, Main Campus, Karnataka, Bangalore, India