The Cross-Section of Expected Stock Returns.

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Fama, Eugene F; French, Kenneth R;
(1992)
  • Journal: Journal of Finance,volume 47,issue 2 June,pages427-65
  • Subject:
    mesheuropmc: education | health care economics and organizations

Two easily measured variables, size and book-to-market equity, combine to capture the cross-sectional variation in average stock returns associated with market "beta", size, leverage, book-to-market equity, and earnings-price ratios. Moreover, when the tests allow for v... View more
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