In a regression of perceived long-term investment value (LTIV) on size (S), book to market (B/M), and

Question:

In a regression of perceived long-term investment value (LTIV) on size (S), book to market (B/M), and management quality (MQ), the following coefficients (all significant) were estimated:
LTIV = -.86 + 0.15log(S) + -.11log(B/M) +.85MQ
Discuss what can be learned from this regression (which appears in Shefrin, H., and M. Statman, 1995, "Making sense of beta, size, and book-to-market," Journal of Management 21 (no. 2), 26-34).
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...