The low price effect on the Johannesburg Stock Exchange

Abstract

Extracted from text ... Number 45 - Part 4 K Waelkens and M Ward* The price 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 priced shares significantly outperform high priced shares on a risk-adjusted return basis. This phenomenon is referred to as the low price Furthermore, this has been shown to exist over and above the small business effect and the earnings yield effect. The existence of the price was alluded to in research ..