Year | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 |
---|---|---|---|---|---|---|
Panel A: Size-B/P portfolios | ||||||
SL | 193 | 200 | 227 | 265 | 267 | 254 |
SM | 280 | 286 | 391 | 446 | 488 | 510 |
SH | 192 | 192 | 241 | 301 | 350 | 322 |
BL | 206 | 206 | 288 | 342 | 395 | 392 |
BM | 252 | 257 | 296 | 363 | 396 | 360 |
BH | 207 | 215 | 275 | 307 | 313 | 324 |
Panel B: Size-OP portfolios | ||||||
SW | 5 | 11 | 22 | 92 | 154 | 488 |
SN | 1 | 7 | 7 | 52 | 107 | 483 |
SR | 0 | 5 | 9 | 7 | 13 | 146 |
BW | 34 | 76 | 95 | 140 | 157 | 233 |
BN | 51 | 104 | 147 | 210 | 255 | 468 |
BR | 28 | 57 | 93 | 87 | 121 | 403 |
Panel C: Size-Inv portfolios | ||||||
SC | 328 | 374 | 392 | 404 | 457 | 465 |
SN | 262 | 288 | 310 | 380 | 412 | 444 |
SA | 105 | 167 | 289 | 314 | 258 | 244 |
BC | 187 | 203 | 244 | 277 | 274 | 268 |
BN | 301 | 373 | 468 | 492 | 496 | 479 |
BA | 206 | 251 | 276 | 330 | 358 | 409 |