Khan, Naveed; Zada, Hassan; Ahmed, Shakeel; Shah, Fayaz Ali - 2022
The purpose of this study is to extend the Fama-French three-factor model to include the labor-income growth rate (human capital) in Pakistan's stock market from June 2010 to June 2020 as the fourth factor. To this end, we collected data from 164 non-financial companies listed on the Pakistan...