Rationalizing the value premium in emerging markets
We reconfirm the presence of value premium in emerging markets. Using the Brazil–Turkey–India–China (BTIC) grouping during a period of substantial economic growth and stock market development, we attribute the premium to the investment patterns of glamour firms. We conjecture based on empirical evid...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2014
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| Online Access: | http://eprints.nottingham.ac.uk/47147/ http://eprints.nottingham.ac.uk/47147/ http://eprints.nottingham.ac.uk/47147/ http://eprints.nottingham.ac.uk/47147/1/rationalisng.pdf |