Question: What criticisms of the small firm effect were offered by Roll
What criticisms of the small-firm effect were offered by Roll, and Stoll and Whaley? Were these considered valid by Reinganum?
Relevant QuestionsAdvocates of the small-firm effect argue that it is this factor alone that leads to superior risk-adjusted returns. Does the Peavy and Goodman study support this position? Why does fundamental analysis tend to make the market efficient? What is the logic behind the odd-lot theory? If the odd-lot index starts to move higher in an up market, what does the odd-lot theory indicate the next movement in the market will be? How can momentum investing lead to the winner/loser proposition? Does a serial bond normally have only one maturity date? What types of bonds are normally issued on this basis?
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