THE COMMON‐STOCK‐PORTFOLIO PERFORMANCE RECORD OF INDIVIDUAL INVESTORS: 1964–70

Abstract

The Journal of FinanceVolume 33, Issue 2 p. 429-441 Article THE COMMON-STOCK-PORTFOLIO PERFORMANCE RECORD OF INDIVIDUAL INVESTORS: 1964–70 Gary G. Schlarbaum, Gary G. SchlarbaumThe authors are, respectively: Associate Professor of Management at Purdue University; Professor of Management at Purdue and Senior Research Associate at the National Bureau of Economic Research; and Associate Professor of Finance at the University of Utah. The research reported herein has benefited from financial support from the National Bureau of Economic Research, the Investment Company Institute, the Purdue Research Foundation, and the College of Business of the University of Utah. Special thanks are due as well to William Elbring of Purdue for his significant contributions to the associated computer programming and data analysis effort. Responsibility for the findings, of course, is the authors'. While the investigation comprises a portion of the NBER's program of research on Business Taxation and Finance, the findings have not undergone the full critical review procedures of the NBER and therefore should not be regarded as an official NBER publication.Search for more papers by this authorWilbur G. Lewellen, Wilbur G. LewellenThe authors are, respectively: Associate Professor of Management at Purdue University; Professor of Management at Purdue and Senior Research Associate at the National Bureau of Economic Research; and Associate Professor of Finance at the University of Utah. The research reported herein has benefited from financial support from the National Bureau of Economic Research, the Investment Company Institute, the Purdue Research Foundation, and the College of Business of the University of Utah. Special thanks are due as well to William Elbring of Purdue for his significant contributions to the associated computer programming and data analysis effort. Responsibility for the findings, of course, is the authors'. While the investigation comprises a portion of the NBER's program of research on Business Taxation and Finance, the findings have not undergone the full critical review procedures of the NBER and therefore should not be regarded as an official NBER publication.Search for more papers by this authorRonald C. Lease, Ronald C. LeaseThe authors are, respectively: Associate Professor of Management at Purdue University; Professor of Management at Purdue and Senior Research Associate at the National Bureau of Economic Research; and Associate Professor of Finance at the University of Utah. The research reported herein has benefited from financial support from the National Bureau of Economic Research, the Investment Company Institute, the Purdue Research Foundation, and the College of Business of the University of Utah. Special thanks are due as well to William Elbring of Purdue for his significant contributions to the associated computer programming and data analysis effort. Responsibility for the findings, of course, is the authors'. While the investigation comprises a portion of the NBER's program of research on Business Taxation and Finance, the findings have not undergone the full critical review procedures of the NBER and therefore should not be regarded as an official NBER publication.Search for more papers by this author Gary G. Schlarbaum, Gary G. SchlarbaumThe authors are, respectively: Associate Professor of Management at Purdue University; Professor of Management at Purdue and Senior Research Associate at the National Bureau of Economic Research; and Associate Professor of Finance at the University of Utah. The research reported herein has benefited from financial support from the National Bureau of Economic Research, the Investment Company Institute, the Purdue Research Foundation, and the College of Business of the University of Utah. Special thanks are due as well to William Elbring of Purdue for his significant contributions to the associated computer programming and data analysis effort. Responsibility for the findings, of course, is the authors'. While the investigation comprises a portion of the NBER's program of research on Business Taxation and Finance, the findings have not undergone the full critical review procedures of the NBER and therefore should not be regarded as an official NBER publication.Search for more papers by this authorWilbur G. Lewellen, Wilbur G. LewellenThe authors are, respectively: Associate Professor of Management at Purdue University; Professor of Management at Purdue and Senior Research Associate at the National Bureau of Economic Research; and Associate Professor of Finance at the University of Utah. The research reported herein has benefited from financial support from the National Bureau of Economic Research, the Investment Company Institute, the Purdue Research Foundation, and the College of Business of the University of Utah. Special thanks are due as well to William Elbring of Purdue for his significant contributions to the associated computer programming and data analysis effort. Responsibility for the findings, of course, is the authors'. While the investigation comprises a portion of the NBER's program of research on Business Taxation and Finance, the findings have not undergone the full critical review procedures of the NBER and therefore should not be regarded as an official NBER publication.Search for more papers by this authorRonald C. Lease, Ronald C. LeaseThe authors are, respectively: Associate Professor of Management at Purdue University; Professor of Management at Purdue and Senior Research Associate at the National Bureau of Economic Research; and Associate Professor of Finance at the University of Utah. The research reported herein has benefited from financial support from the National Bureau of Economic Research, the Investment Company Institute, the Purdue Research Foundation, and the College of Business of the University of Utah. Special thanks are due as well to William Elbring of Purdue for his significant contributions to the associated computer programming and data analysis effort. Responsibility for the findings, of course, is the authors'. While the investigation comprises a portion of the NBER's program of research on Business Taxation and Finance, the findings have not undergone the full critical review procedures of the NBER and therefore should not be regarded as an official NBER publication.Search for more papers by this author First published: May 1978 https://doi.org/10.1111/j.1540-6261.1978.tb04859.xCitations: 40 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onFacebookTwitterLinked InRedditWechat Citing Literature Volume33, Issue2May 1978Pages 429-441 RelatedInformation