What Determines Equity Returns in Emerging Markets?

Foye, James (2024) What Determines Equity Returns in Emerging Markets? Working Paper 29. Centre for Accountancy Finance and Economics (CAFE), Birmingham City Business School, Birmingham City University. (Unpublished)

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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.

Item Type:	Monograph (Working Paper)
Identification Number:	29
Dates:	Date Event 8 May 2024 Submitted
Subjects:	CAH17 - business and management > CAH17-01 - business and management > CAH17-01-07 - finance
Divisions:	Faculty of Business, Law and Social Sciences > College of Accountancy, Finance and Economics Faculty of Business, Law and Social Sciences > College of Accountancy, Finance and Economics > Centre for Accountancy Finance and Economics Faculty of Business, Law and Social Sciences > College of Business, Digital Transformation & Entrepreneurship
Depositing User:	James Foye
Date Deposited:	08 May 2024 13:55
Last Modified:	20 Jun 2024 12:04
URI:	https://www.open-access.bcu.ac.uk/id/eprint/15457