The Low-Risk Anomaly: Evidence From The Thai Stock Market
In many developed countries, low-risk stocks tend to earn superior risk-adjusted returns compared to high-risk stock. Using data on the Stock Exchange of Thailand between 2004 and 2015, this paper shows that the abnormal returns associated with investing in low-beta stocks are signifcant and robu...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Asian Academy of Management (AAM)
2017
|
| Subjects: | |
| Online Access: | http://eprints.usm.my/37209/ http://eprints.usm.my/37209/1/aamjaf13012017_6.pdf |