Detail
for Portfolios Formed on Net Share Issues
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| Monthly Returns: |
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July 1963 - September 2024 |
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| Annual Returns: |
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1964 - 2023 |
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| Portfolios: |
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Net Share Issues
NI < 0; NI = 0; quintiles; deciles. |
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| Construction: |
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The portfolios are formed on Net Share Issues (NI) at the end of each June using
NYSE breakpoints. NI for June of year t is the change in the natural log
of split-adjusted shares outstanding from the fiscal yearend in t-2 to
the fiscal yearend in t-1. |
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| Stocks: |
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All NYSE, AMEX, and NASDAQ stocks for which we have market equity data for June
of t and non-missing split-adjusted shares outstanding data for t-2 and t-1. |
