Ali, Fahad; He, RongRong; Jiang, Yuexiang - In: Economies : open access journal 6 (2018) 1, pp. 1-24
The paper empirically investigates three different methods to construct factors and identifies some pitfalls that arise in the application of Fama-French’s three-factor model to the Pakistani stock returns. We find that the special features in Pakistan significantly affect size and value...