meteorological and geographical factors into extended watershed vulnerability; in particular, this study employed a modified VIKOR … were relevant to land-use restrictions for Chiayi County, Tainan County, and Kaohsiung County. We produced a modified VIKOR …

of firm returns, (2) different models, i.e. Capital Asset-Pricing Model (CAPM) versus the Fama and French model and (3 …) time-varying factor risk loadings. We find that β-sorting improves the performance of the CAPM, while portfolios built …-factor model turns out to be superior to the CAPM, both statistically and economically. Applying a quantile regression …

It is argued that the CAPM and its variants and extensions are theoretically invalid, empirically unsupported and …

model (CAPM) and the Fama-French model. Third, the selected portfolio size plays an important role in portfolio returns …

in the Serbian market. For this market we estimated different factor models: Capital Asset Pricing Model (CAPM by Sharpe …, 1964), Fama-French (FF) model (1992, 1993), Liquidity-augmented CAPM (LCAPM) by Liu (2006), and combination LCAPM with FF … in Serbia. We found that Liu’s two-factor LCAPM model performs better in explaining stock returns than the standard CAPM …

In this article, we re-examine the efficacy of one factor capital asset pricing model (CAPM) and Fama-French three … versions. We find that FF model does a better job than CAPM by explaining the returns on most of the portfolios constructed …