A vast literature has documented the value premium and the small firm effect as pervasive stylized facts in empirical asset pricing and yet research has been largely unable to provide entirely convincing explanations of why these phenomena exist.
Professor of Finance, ICMA Centre, University of Reading (UK)
Ph.D. student, Cass Business School, City University (UK)
Associate Professor of Finance, EDHEC Business School
|Type :||Working paper|
|Date :||le 09/03/2009|
|Research Cluster :||Finance|