Ul Haq, Hafiz Muhammad Zia; Muhammad Sohail Shafiq; … - In: Journal of risk and financial management : JRFM 13 (2020) 9/196, pp. 1-15
The determining force behind the value premium is the matter of debate among the researchers. Some are of the opinion that the financial distress risk determines value premium whereas other theorize that value premium is basically the compensation for operating leverage (investment activity...
