Asset Pricing Puzzle: New Evidence of Fama-French Five-Factors in Emerging Market Perspectives
The asset pricing theory introduced by Fama and French (2015) documents five systematic common risk factors for equity valuation, such as: (a) market beta, (b) firm size, (c) firm value, (d) profitability and (e) investment strategy. However, corporate finance literature does not provide us with a p...
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| Format: | Article |
| Language: | English |
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Sciendo
2022-09-01
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| Series: | Real Estate Management and Valuation |
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| Online Access: | https://doi.org/10.2478/remav-2022-0022 |