Controlling for sensitivity to the market

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Suppose you believe that after controlling for sensitivity to the market, smaller firms should have higher returns. In two sentences, explain what market frictions would lead to that anomaly.

Reference no: EM13915359

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Controlling for sensitivity to the market : Suppose you believe that after controlling for sensitivity to the market, smaller firms should have higher returns. In two sentences, explain what market frictions would lead to that anomaly.
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