Measuring the Size Factor in Equity Returns
$25
Does company size effect investment returns? Most people would probably agree that it does, but how do you measure its effect? In this paper, the author proposes a new method for the direct calculation of the effect of size on equity returns.
Author: Robert Fernholz, Ph.D.
Does company size effect investment returns? Most people would probably agree that it does, but how do you measure its effect? In this paper, the author proposes a new method for the direct calculation of the effect of size on equity returns.