Maharani, Astrid; Narsa, I Made - In: Cogent economics & finance 11 (2023) 2, pp. 1-17
This study expands previous research by adding intellectual capital to the capital asset pricing model and deepening … evaluation according to market developments using tests on potential factors in the asset pricing model by adding intellectual … pricing model, intellectual capital, and excess stock returns. The robustness test supports these findings, suggesting that …