Anomalies de marché et sélection des titres au Canada
This article jointly examines the effects of the size, earnings/price ratios and book value/market value of equities on Canadian equity returns. It presents an estimate of the risk premiums associated with each of these market anomalies. The results confirm the very volatile relationships between anomalies and returns of Canadian securities. Thus, even if the relationships exist _on average_, their use for stock selection purposes remains extremely risky.