Research on corporate financial distress is relatively young in comparison to knowledge
about mechanisms and processes in sound enterprises. Large failures and corporate …

Many firm-specific attributes or characteristics are understood to be proxies for what Fama
and French (1992: p428) refer to as" the unnamed sources of risk''. Perhaps the most …

This paper updates and expands the study done by Robins, Sandler and Durand (1999) in
which they investigated whether or not the inter-relationships between the value, size and …

Purpose–The purpose of this paper is to investigate the risk factors for A‐shares listed on
both Shenzhen and Shanghai Stock Exchange in China using variables from Akgun and …

In this paper, we show that the book-to-market decomposition described in Fama–French
(2008) significantly improves the predictive power of the estimation for an important …

This paper examines the explanatory power of a uni-factor asset pricing model (CAPM)
against a multi-factor model (The Fama-French three factor model) in explaining excess …

This paper investigates the applicability of the Fama-French Three Factor Model in
explaining, portfolio returns on the Ghana Stock Exchange. Following the model and …

As briefly highlighted in section 1.1. 3, the validity of the EMH and CAPM has been
questioned owing to the discovery of abnormal pricing patterns that cannot be explained …

This research provides a test on the extent of predictive ability of book-to-market ratio in the
Kenyan stock market. The use of book-to-market ratio as forecasting variable is examined …

Assuming that investors have limited liability has strong implications for asset pricing: it
allows equity to be valued as a call option within the CAPM's framework; predicts that …