Fama and MacBeth (FM) (1973) tested the CAPM using cross-sectional regression analysis. What is the cross-sectional regression

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Fama and MacBeth (FM) (1973) tested the CAPM using cross-sectional regression analysis. What is the cross-sectional regression model that they tested?

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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 03, 2024 02:00 AM

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Fama and MacBeth (FM) (1973) tested the CAPM using cross-sectional regression analysis. What is the cross-sectional regression

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In their 1973 study Fama and MacBeth tested the Capital Asset Pricing Model CAPM using a crosssectio...View the full answer

Investment Valuation And Asset Pricing Models And Methods

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