The relationship between return and market value of common stocks☆
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This study is based on part of my dissertation and was completed while I was at the University of Chicago.
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I am grateful to my committee, Myron Scholes (chairman), John Gould, Roger Ibbotson, Jonathan Ingersoll, and especially Eugene Fama and Merton Miller, for their advice and comments. I wish to acknowledge the valuable comments of Bill Schwert on earlier drafts of this paper.
Copyright © 1981 Published by Elsevier B.V.