Realized Returns on Common Stock Investment: Th

Author(s): Gary G.Schlarbaum and Wilbur G.Lewellen, Ronald C.Lease

Abstract: Over the last decade and a half, individual investors in the aggregate have consistently been net sellers of corporate common stocks; simultaneously, the holdings of equities by mutual funds, pension funds, insurance companies, and bank trust funds on behalf of individuals have increased dramatically.

Schlarbaum, Lewellen and Lease 78 JB.pdf