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Reinganum (1981) and Banz (1981) were some of the first papers to document that small-cap stocks had substantially higher returns compared to large-cap stocks, which
Reinganum (1981) and Banz (1981) were some of the first papers to document that small-cap stocks had substantially higher returns compared to large-cap stocks, which is known as the size premium. i. What are some of the rational explanations for the size premium? ii. Is there evidence for the size premium in international markets
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