Bhattacharya, Utpal; Galpin, Neal - In: Journal of Financial and Quantitative Analysis 46 (2011) 03, pp. 737-756
We first develop a theory-based metric to judge the popularity of value weighting in a stock market. We then use our metric to document that although value weighting is less popular in emerging markets than in developed markets, its popularity is increasing almost everywhere. Finally, as we have...