Liao, Tung Liang - In: Journal of Emerging Market Finance 4 (2005) 1, pp. 81-100
This study uses the stochastic dominance theory, which is distribution-free, to examine the relationship between realised returns and firm size for companies listed on the Taiwan Stock Exchange between 1982 and 1999. The findings show that small-cap and large-cap portfolios outperform both...