SSRN-Migration by Eugene Fama, Kenneth French

WOW. I will have to do a longer review of this when I get time, BUT WOW--explanations of both size effect and value anomaly? SSRN-Migration by Eugene Fama, Kenneth French: " Abstract: "We study how migration of firms across size and value portfolios contributes to the size and value premiums in average stock returns. The size premium is almost entirely due to the small stocks that earn extreme