Exploring the Asset Growth Anomaly: An Empirical Investigation of the Swedish Market
This thesis investigates the asset growth anomaly in the Swedish stock market (Nasdaq Stockholm) from 2012 to 2023, with a focus on whether extrapolation bias can help explain the anomaly. Although prior research has documented a negative relationship between asset growth and future stock returns, most international studies have overlooked investor-side behavioural explanations such as extrapolati
