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