n Investment Analysts Journal - The low price effect on the Johannesburg Stock Exchange

Volume 1997, Issue 45
  • ISSN : 1029-3523
  • E-ISSN: 2077-0227
This article is unavailable for purchase outside of Africa



Extracted from text ... Number 45 - Part 4 K Waelkens and M Ward* The low price effect on the Johannesburg Stock Exchange * Faculty of Management, University of the Witwatersrand, PO Box 98, Wits 2050, Republic of South Africa. Introduction Research in several financial markets has shown that low priced shares significantly outperform high priced shares on a risk-adjusted return basis. This phenomenon is referred to as the "low price effect". Furthermore, this effect has been shown to exist over and above the "small business effect" and the "earnings yield" effect. The existence of the low price effect was alluded to in research ..

Loading full text...

Full text loading...


Article metrics loading...


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error