A Skeptical Appraisal of Asset-Pricing Tests
收藏NBER2006-07-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12360
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资源简介：
It has become standard practice in the cross-sectional asset-pricing literature to evaluate models based on how well they explain average returns on size- and B/M-sorted portfolios, something many models seem to do remarkably well. In this paper, we review and critique the empirical methods used in
提供机构：
美国国家经济研究局
创建时间：
2006-07-01
