Question
Fama and French rationalise their SMB and HML factors as reflecting the extra riskiness of small stocks and low price-to-book value stocks respectively, is this
Fama and French rationalise their SMB and HML factors as reflecting the extra riskiness of small stocks and low price-to-book value stocks respectively, is this explanation convincing?
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Step: 1
The explanation given by Eugene Fama and Kenneth French with respect to their SMB Little Less Large and HML High Short Low factors is one of the unmis...
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Equity Asset Valuation
Authors: Jerald E. Pinto, Elaine Henry, Thomas R. Robinson, John D. Stowe, Abby Cohen
2nd Edition
470571439, 470571438, 9781118364123 , 978-0470571439
