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Eugene Fama - Although size and book to market equity...

Although size and book to market equity seem like ad hoc variables for explaining average stock returns, we have reason to expect that they proxy for common risk factors in returns. (Eugene Fama)

Although size and book to market equity seem like ad hoc variables for explaining average stock returns, we have reason to expect that they proxy for common risk factors in returns.

Eugene Fama

Related topics

average book common equity expect explaining market proxy reason risk size stock returns

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