Dispelling the myth of a value premium: contrary evidence of Malaysian crony capitalism
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This study aims to dispel the myth of the value anomaly by employing the logic of the well-known Austrian British philosopher Sir Karl Raimund Popper, who espoused that positive outcomes of empirical observation cannot confirm an anomaly, such as value premium (Popper, 1953).
Asset pricing , Growth stocks , Multifactor models , Value premium , Value stocks , Malaysia , Crony capitalism , Investment patterns
Mohd Rasid, Mohamed Eskandar Shah. (2016, August 16-18). Dispelling the myth of a value premium: contrary evidence of Malaysian crony capitalism. Paper presented at International Finance and Banking Society (IFABS 2016) Asia 2016 Brunei Conference, at Bandar Seri Begawan, Brunei.