DOES SIZE EFFECT EXIST IN SMALL MARKETS?
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F11%3A43866405" target="_blank" >RIV/70883521:28120/11:43866405 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
DOES SIZE EFFECT EXIST IN SMALL MARKETS?
Original language description
The purpose of this paper is to examine size effect in the Colombo Stock Exchange (CSE) which is an emerging market. The sample of the study consisted of 266 stocks including delisted companies from 1995 to 2008. Paired sample t-test was used to test hypotheses. Results reveal that firm size does not show any significant relation with stock returns during the entire period or sub periods. The asymmetric distribution of market capitalization of companies may be the reason for the none existence of size effect in CSE. This finding implicitly questions the relevancy of Fama and French (1993) three factor model to CSE data
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
—
Result continuities
Project
—
Continuities
V - Vyzkumna aktivita podporovana z jinych verejnych zdroju
Others
Publication year
2011
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of the 5th International Scientific Conference Finance and the Performance of Firms in Science, Education and Practice
ISBN
978-80-7454-020-2
ISSN
—
e-ISSN
—
Number of pages
8
Pages from-to
187-194
Publisher name
Univerzita Tomáše Bati ve Zlíně, Fakulta managementu a ekonomiky
Place of publication
Zlín
Event location
Zlín
Event date
Apr 28, 2011
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
—