## Abstract Stock markets are often seen as economic barometers. But until recently, the Chinese stock market hasn't reflected the growth of the Chinese economy. Why was this so? The answer lies in the peculiarities of the Chinese stock market, say the authors. And they explain what foreign investo
✦ LIBER ✦
The “value” effect and the market for Chinese stocks
✍ Scribed by Burton Malkiel; Derek Jun
- Book ID
- 116445678
- Publisher
- Elsevier Science
- Year
- 2009
- Tongue
- English
- Weight
- 770 KB
- Volume
- 10
- Category
- Article
- ISSN
- 1566-0141
No coin nor oath required. For personal study only.
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This study examines the empirical relationship between the return and the total market value of NYSE common stocks. It is found that smaller firms have had higher risk adjusted returns, on average, than larger firms. This ‘size effect’ has been in existence for at least forty years and is evidence t