In some tests of consumption-based capital asset pricing models, consumption betas help to explain average portfolio returns
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In some tests of consumption-based capital asset pricing models, consumption betas help to explain average portfolio returns and are associated with the Fama-French factors. These results support Fama and French’s conjecture that their factors proxy for more fundamental sources of risk. pl856
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ISE Investments
ISBN: 9781266085963
13th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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