An empirical analysis of asset pricing models in Australia
Fama and French (2015) develop a five-factor model with the market risk, size, book-to-market, profitability and investment factors, and find that this model has stronger explanatory power than the three-factor model of Fama and French (1993) in the U.S. markets. In addition, they find that, once th...
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| Other Authors: | , |
| Format: | Others |
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Auckland University of Technology,
2015-10-20T22:35:43Z.
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| Online Access: | Get fulltext |