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The market capitalization value as a risk factor in the Athens stock exchange

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University of Peiraeus   

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Spoudai - Journal of Economics and Business   

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The market capitalization value as a risk factor in the Athens stock exchange (EL)
The market capitalization value as a risk factor in the Athens stock exchange (EN)
Γκλεζάκος, Μιχάλης - Χριστόφορος
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
1993-01-01
Under the joint assumption that CAMP holds and capital markets are efficient, systematic risk is the only priced factor. However a stream of literature casts coubt on the above assumption, suggesting that company size is priced. The present study, utilizing data from the Athen Stock Exchange, concluded that stock return was negatively related to company capitalization value. However, after controlling for other firm-specific factors, the observed effect remained strong only within the prortfolio of high (historical) earnings yield securities. (EN)
Χρηματιστήριo αξιών (EL)
Κεφαλαιαγορά (EL)
Stock exchange (EN)
Capital market (EN)
Σπουδαί - Journal of Economics and Business
English
University of Piraeus (EN)
1105-8919
2241-424X
SPOUDAI - Journal of Economics and Business; Vol 43, No 1 (1993); 52-70 (EN)
Copyright (c) 1993 SPOUDAI - Journal of Economics and Business (EN)
University of Peiraeus
Spoudai - Journal of Economics and Business
Scientific Papers



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