X-Message-Number: 9815
Date: Sat, 30 May 1998 04:57:30 -0700 (PDT)
From: Doug Skrecky <>
Subject: neglected firm effect?

Financial Analysts Journal September/October 1997: 19-23

"Is There a Neglected-Firm Effect?"

Abstract:

   The "neglected-firm effect" suggests that securities that analysts
ignore offer higher returns (a "neglect premium") than securities that
analysts follow and scrutinize heavily. Using a large and recent sample of
securities, we reinvestigated the neglected-firm effect. Controlling for
capitalization, we found no evidence of a neglect premium. Investors
attempting to exploit the neglected-firm effect during the past 14 years
are likely to have been disappointed.

Rate This Message: http://www.cryonet.org/cgi-bin/rate.cgi?msg=9815