Evidence on the Characteristics of Cross Sectional Variation in Stock Returns
收藏NBER1996-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5604
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资源简介：
Firm size and book-to-market ratios are both highly correlated with the returns of common stocks. Fama and French (1993) have argued that the association between these firm characteristics and their stock returns arises because size and book-to-market ratios are proxies for non-diversifiable factor
提供机构：
美国国家经济研究局
创建时间：
1996-06-01
