Silvestri, Antonella; Veltri, Stefania - In: Journal of applied finance & banking 1 (2011) 4, pp. 201-221
The purpose of this the article is to investigate if the Fama and French three-factor model is able to explain the variations in stock returns in Italian market. We choose Italian market as it is a weak equity market, characterized by small listed firms. Asset pricing literature believes that...
