Dispelling the myth of a value premium: contrary evidence of Malaysian crony capitalism
(2016)
Journal Article
Ebrahim, M., Hudson, R., Iqbal, A., & Eskandar Shah MohdRasid, M. (2016). Dispelling the myth of a value premium: contrary evidence of Malaysian crony capitalism. International Journal of Banking, Accounting and Finance, 7(1), 1-33. https://doi.org/10.1504/ijbaaf.2016.079164
This paper contradicts the existence of a universal value anomaly by studying Malaysia, a country with a unique institutional setting. We investigate this counter-example to attribute the anomaly to: 1) the leverage effect of value firms; 2) the inve... Read More about Dispelling the myth of a value premium: contrary evidence of Malaysian crony capitalism.