What Determines Equity Returns in Emerging Markets?

James Foye

    Research output: Working paper

    Abstract

    Although factor models provide the cornerstone of financial asset pricing, their application to emerging markets has been fragmented and frequently returns inconsistent results. This paper is the first to provide a thorough evaluation of these varied findings, thereby providing a framework to guide future researchers. This not only sheds new light on returns in emerging markets but also offers broader insights into the risk versus mispricing debate in all markets.
    Original languageEnglish
    PublisherCentre for Accountancy Finance and Economics (CAFE), Birmingham City Business School, Birmingham City University
    Volume29
    Publication statusPublished (VoR) - 8 May 2024

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