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Applied Economics Letters Volume 2, 1995 - Issue 10
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Original Articles

Returns and firm size: A note on the UK experience 1970–1991

Patricia Fraser Department of Accountancy and Finance, The School of Management, The University of Stirling, Stirling, FK9 4LA, UK
Pages 331-334 | Received 13 Mar 1995, Published online: 02 Nov 2006
 
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Abstract

Examining UK companies traded on the London Stock Exchange, the evidence reported in this note implies that prior to mid-1989 smaller companies consistently outperformed the market portfolio. Since then, however, the ‘size effect’ has disappeared.

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