Banz (1981) found that, on average, the risk-adjusted returns of small firms
A) were higher than the risk-adjusted returns of large firms.
B) were the same as the risk-adjusted returns of large firms.
C) were lower than the risk-adjusted returns of large firms.
D) were unrelated to the risk-adjusted returns of large firms.
E) were negative.

Question

Quizplus · Accepted Answer

The Answer is A

Banz (1981) Found That, on Average, the Risk-Adjusted Returns of Small