Accounting Fundamentals Explain the Size Premium in Stock Returns and Its Variation Over Time
Journal of Accounting, Auditing & Finance
Published online on July 02, 2025
Abstract
Journal of Accounting, Auditing & Finance, Ahead of Print.
Considerable research reports that small firms typically yield higher stock returns than large firms, though this varies over time. The size premium is usually attributed to higher risk in smaller firms. The paper documents that the risk is to future ...
Considerable research reports that small firms typically yield higher stock returns than large firms, though this varies over time. The size premium is usually attributed to higher risk in smaller firms. The paper documents that the risk is to future ...