Cheung, Yan-Leung; Leung, Yiu-Ming; Wong, Kwok-Fai - In: Small Business Economics 6 (1994) 5, pp. 373-79
The objective of the paper is to examine the small firm and earnings' yield effects on the Korean stock returns during 1982-1988. We find that smaller (or high E/P ratio) firms obtain higher risk-adjusted returns, on average, than larger (or low E/P ratio) firms. We also document that the...