| 释义 |
neglected-firm effect Neglected-Firm EffectA theory stating that publicly-traded companies that analysts do not track or follow closely tend to outperform those receiving a great deal of attention. Analysts sometimes pay less attention to companies because there is limited information available on them. Part of the neglected-firm effect may be explained by the fact that these firms are riskier and therefore have higher returns.neglected-firm effect The theory that investments in the stocks of firms that are not regularly followed by security analysts outperform the stocks of firms that receive considerable attention from analysts. |