The Evidence of Size Effect During Bull and Bear Markets
Most studies documenting an inverse relation between firm size and risk adjusted returns on stocks assume constant risk over time with the well known Constant Risk Model/ Capital Asset Pricing Model.This thesis examines the relationship between abnormal returns and the portfolio sizes as to determi...
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| Format: | Thesis |
| Language: | English English |
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2006
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| Online Access: | http://psasir.upm.edu.my/id/eprint/146/1/549133_t_gsm_2006_4.pdf |