The firm size effect on stock returns in a developing stock market

The empirical relationship between firm size and returns on the stocks listed on the Stock Exchange of Singapore is examined in this study. The results show that the stocks of small firms have earned higher returns than the stocks of large firms, and that the firm size effect is still significant wh...

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Published in:Economics letters 1989, Vol.30 (1), p.61-65
Main Author: Wong, Kie Ann
Format: Article
Language:English
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Market
Stocks
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creator Wong, Kie Ann
description The empirical relationship between firm size and returns on the stocks listed on the Stock Exchange of Singapore is examined in this study. The results show that the stocks of small firms have earned higher returns than the stocks of large firms, and that the firm size effect is still significant when risk-adjusted returns are controlled for difference in earnings/price (E/P) ratios.
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source International Bibliography of the Social Sciences (IBSS); Backfile Package - Economics, Econometrics and Finance (Legacy) [YET]
subjects Market
Stocks
title The firm size effect on stock returns in a developing stock market
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