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Does Size Effect Exist in Small Markets?

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dc.title Does Size Effect Exist in Small Markets? en
dc.contributor.author Pathirawasam, Chandrapala
dc.relation.ispartof Finance and the Performance of Firms in Science, Education and Practice 2011
dc.identifier.isbn 978-80-7454-020-2
dc.date.issued 2011
dc.citation.spage 187
dc.citation.epage 194
dc.event.title 5th International Scientific Conference on Finance and the Performance of Firms in Science, Education, and Practice
dc.event.location Zlín
utb.event.state-en Czech Republic
utb.event.state-cs Česká republika
dc.event.sdate 2011-04-28
dc.event.edate 2011-04-28
dc.type conferenceObject
dc.language.iso en
dc.publisher Univerzita Tomáše Bati ve Zlíně (UTB) cs
dc.publisher Tomas Bata University in Zlín en
dc.subject size effect en
dc.subject Colombo Stock Exchange en
dc.subject market capitalization en
dc.description.abstract The purpose of this paper is to examine size effect in the Colombo Stock Exchange (CSE) which is an emerging market. The sample of the study consisted of 266 stocks including delisted companies from 1995 to 2008. Paired sample t-test was used to test hypotheses. Results reveal that firm size does not show any significant relation with stock returns during the entire period or sub periods. The asymmetric distribution of market capitalization of companies may be the reason for the none existence of size effect in CSE. This finding implicitly questions the relevancy of Fama and French (1993) three factor model to CSE data en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1002965
utb.identifier.rivid RIV/70883521:28120/11:43866405!RIV12-MSM-28120___
utb.identifier.obdid 43866512
utb.identifier.wok 000306544000018
utb.source d-wok
dc.date.accessioned 2012-10-04T12:11:51Z
dc.date.available 2012-10-04T12:11:51Z
utb.identifier.utb-sysno 57048
utb.contributor.internalauthor Pathirawasam, Chandrapala
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