If CAPM beta does not explain stock returns, what does? In this regard, Fama and French (1992)

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If CAPM beta does not explain stock returns, what does? In this regard, Fama and French (1992) found that stock returns were related to two firm characteristics. What are these characteristics and briefly discuss what they found.

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Investment Valuation And Asset Pricing Models And Methods

ISBN: 9783031167836

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Authors: James W. Kolari, Seppo Pynnönen

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Question Posted: Mar 05, 2024 06:00 AM

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If CAPM beta does not explain stock returns, what does? In this regard, Fama and French (1992)

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Answer In their seminal paper The CrossSection of Expected Stock Returns Fama and French 1992 found ...View the full answer

Investment Valuation And Asset Pricing Models And Methods

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