Even after adjusting for risk, ________ firms earn have, over long periods of time, earned higher returns than ________ firms.
A) small, large
B) large, small
C) new, old
D) old, new

Name: Even after adjusting for risk, ________ firms earn have, over long periods of time, earned higher returns than ________ firms. A) small, large B) large, small C) new, old D) old, new
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Question

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Small firms have historically earned higher returns than large firms, even after adjusting for risk, due to the small-cap premium.

Even After Adjusting for Risk, ________ Firms Earn Have, Over