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Question 2. (10 marks) Perform an informative and attractive literature survey on the recent applications of the Fama-Frech five-factor asset pricing model. (Hint: You are
Question 2. (10 marks) Perform an informative and attractive literature survey on the recent applications of the Fama-Frech five-factor asset pricing model. (Hint: You are expected to synthesize, summarise, and compare recent articles that apply the Fama-French 5-factors model. There is no unique formula for this literature survey nor the number of papers you should read. However, you can keep in mind some questions while doing the survey, such as: What research questions do authors try to answer? What fields/areas of research that this model often is applied? What are the data (time, location, frequency, location/country/industry/fund/stock) of related articles? What are the authors findings? Are these findings consistent/contradictory across similar papers? Are there any authors suggestions to improve the Fama-French 5-factors model? Based on the literature survey, you can also give your own comments/suggestions for the future applications/extensions of the Fama-French 5-factors.
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