Ryan, Nina; Ruan, Xinfeng; Zhang, Jin E.; Zhang, Jing A. - In: Journal of risk and financial management : JRFM 14 (2021) 3/96, pp. 1-23
In this paper, we test the applicability of different Fama-French (FF) factor models in Vietnam, we investigate the value factor redundancy and examine the choice of the profitability factor. Our empirical evidence shows that the FF five-factor model has more explanatory power than the FF...
