Penny StocksAsset pricingFama FrenchThis study explored the characteristics of Indian stocks when categorized on the basis of nominal prices. Special focus is on the Penny Stocks which are the leaGaggar, KanishkaSocial Science Electronic Publishing...
The Cross-section of Expected Returns on Penny Stocks: Are Low-hanging Fruits Not-so Sweet? Using cross-sectional data on 167 penny stocks listed in the National Stock Exchange of India, we show that (i) Returns of portfolio of lower market-... A Bhattacharyya,A Chandra - 《Social ...