Research

White Paper – The Micro-Cap Advantage: How MicroCap Equities Help Enhance Return and Lower Correlation in Client Portfolios

Click here for Perritt Capital Management Founder Dr. Gerald W. Perritt's white paper on The Micro-Cap Advantage. 

Ibbotson Study – Impact of Illiquid Securities

Click here for Ibbotson Finds Liquidity Rules, a Financial Advisor Magazine feature of a working paper by Roger Ibbotson and Zhiwu Chen demonstrating the positive impact of illiquid securities on investor returns.

Click here for the working paper: Liquidity as an Investment Style, Zhiwu Chen and Roger Ibbotson, Yale School of Management, June 2008.

Small Cap as an Alternative to Private Equity – The Brandes Institute

Click here for a study by The Brandes Institute demonstrating how small cap equity can offer investors a viable alternative to private equity. Is U.S. Small Cap a Viable Alternative to U.S. Private Equity? Bruce Grantier, The Brandes Institute, April, 2009.

Small Firm Effect – Rolf Banz

Click here for Rolf Banz's influential study demonstrating the tendency of common stocks of small companies to outperform the stocks of large companies at equivalent levels of risk. The Relationship Between Market Value and Return of Common Stocks. Rolf Banz, Journal of Financial Economics, November, 1981.

Neglected and Small Firm Effect – Avner Arbel & Paul Strebel

Click here for a study by professors Avner Arbel & Paul Strebel demonstrating the how less researched companies can offer investors excess returns. The Neglected and Small Firm Effects. Avner Arbel & Paul Strebel, The Financial Review, vol. 18, issue 4, 1982.