VALUE INVESTING USING PRICE TO EARNINGS RATIO FOR SMALL CAPS IN MALAYSIA
Keywords:
value investing, price to earnings ratio (PER), margin of safety, efficient market hypothesis (EMH), herd behavior, Malaysia Small Cap Index (MSCI), Bursa MalaysiaAbstract
The research aimed to explore the relationship between independent variable of price to earnings ratio (PER) and the dependent variable of investment returns. The targets of this research were constituents of Malaysia Small Cap Index (MSCI) small-caps firms listed on the Bursa Malaysia for period 2007-2017.