Fama-French Five-Factor Asset Pricing Model: Testing Validity for Borsa Istanbul and German Stock Exchange
Purpose – Fama and French (2015, 2017) proposed to expand Fama and French (1993) three-factor (portfolio & the overall market factor, firm size, and book-to-market equity) model building two new factors (profitability and investment) on, resulting in a five-factor model. This paper investigates...
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| Format: | Article |
| Language: | English |
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Isarder
2021-06-01
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| Series: | İşletme Araştırmaları Dergisi |
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| Online Access: | https://www.isarder.org/index.php/isarder/article/view/1217 |