Introducing and Testing Firm's Life Cycle as a New Factor in Developing Multifactor Asset Pricing Models using Spanning Regression Approach
Objective: The effect of a firm's life cycle, as a characteristic, on stock return has been documented in the literature. The purpose of this research is to introduce and test "firm life cycle" as a new systematic factor for developing multifactor asset pricing models. Method: Using d...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Isfahan
2020-09-01
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| Series: | Journal of Asset Management and Financing |
| Subjects: | |
| Online Access: | https://amf.ui.ac.ir/article_24402_d3f2d58f9264756d6a04230d32021be6.pdf |