Embrahim, M. Shahid; Girma, Sourafel; Shah, M. Eskander; … - Bangor Business School, Bangor University - 2013
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...