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- W1574774666 abstract "This paper uses average monthly returns and linear spline regressions to investigate the relation between expected return and firm size during 1980-1994. We find that the average monthly returns are approximately constant across size deciles. The estimated spline regressions vary substantially from year-to-year. Our analysis of the year-by-year estimates suggests that the annual regression function is essentially flat, except possibly for the smallest two deciles. The results are similar for the January and non-January months. Hence, the evidence does not support the prevalent use of size as an explanatory variable for returns during the 1980-1994 period." @default.
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- W1574774666 date "1996-08-30" @default.
- W1574774666 modified "2023-09-23" @default.
- W1574774666 title "A Spline Analysis of the Small Firm Effect: Does Size Really Matter?" @default.
- W1574774666 hasPublicationYear "1996" @default.
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