Fama and MacBeth (FM) (1973) tested the CAPM using cross-sectional regression analysis. What is the cross-sectional regression
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Fama and MacBeth (FM) (1973) tested the CAPM using cross-sectional regression analysis. What is the cross-sectional regression model that they tested?
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In their 1973 study Fama and MacBeth tested the Capital Asset Pricing Model CAPM using a crosssectio...View the full answer
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Investment Valuation And Asset Pricing Models And Methods
ISBN: 9783031167836
1st Edition
Authors: James W. Kolari, Seppo Pynnönen
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