WebSep 1, 1998 · Fama and French (1993) show that ... (1998), pricing is dominated by a representative investor, and there is no prediction that the judgment biases of this investor are more severe for small stocks. In Daniel et al. (1997), pricing is dominated by informed investors subject to judgment biases. Uninformed investors have no such biases. WebFama and French (1996) Þnd that the long-term return reversals of DeBondt and Thaler (1985) and the contrarian returns of Lakonishok et al. (1994) are captured by a …
Are the Fama and French Factors Global or Country Specific?
WebFama,French和Davis(2000)指出，U.S.数据的子样本对Fama和French在他们的1992年的研究中所使用的数据有一个价值溢价，而Fama和French（1998）证明了国际股票市场上的价值溢价的存在。Rouwenhourst(1997)指出，存在着动力效应，并活跃于国际股票市场的数据 … WebDec 17, 2002 · Kenneth R. French. Yale School of Management. Graduate School of Business, University of Chicago (Fama) and Yale School of Management (French). We … epa brownfields redevelopment
Taxes, Financing Decisions, and Firm Value - Fama - 1998
Web1976; Fama and Schwert 1977; Fama 1981; Campbell 1987; French, Schwert, and Stambaugh 1987). Again, this work focuses on short return horizons (De Bondt and Thaler [1985] are an exception), and the common conclusion is that predictable variation is a small part (usually less than 3 percent) of the variation of returns. There is little WebFama and French (1998) show that an international version of. 2 their multifactor model seems to describe average returns on portfolios formed on scaled price variables in 13 major markets. The third explanation for the value premium says it is due to investor overreaction to firm Webunderstood. Fama and French (1998) find that it has explanatory power as a risk factor, relative to a CAPM that includes only the world market portfolio and assumes constant betas. Griffin (1998) argues that the factor used by Fama and French adds explanatory power only through the local country book-to-market effects. Ferson and Harvey (1998) drill machine online