The Global Rise of the Value-Weighted Portfolio
提出一个基于理论的指标来衡量价值加权在股票市场中的流行度，发现新兴市场虽不如发达市场流行，但全球范围内其流行度都在上升，并利用美国数据探究原因。
Abstract We first develop a theory-based metric to judge the popularity of value weighting in a stock market. We then use our metric to document that although value weighting is less popular in emerging markets than in developed markets, its popularity is increasing almost everywhere. Finally, as we have better data for the United States, we explore why value weighting is becoming more popular in the United States.