Parichat Sinlapates; Surachai Chancharat - In: Risks : open access journal 10 (2022) 12, pp. 1-12
profits, (b) the five-factor model outperforms their 1993 three-factor model in explaining contrarian profits, and (c) risk …. Zero contrarian profits after risk adjustment confirms that they are risk-driven. …-listed companies outperform Stock Exchange of Thailand (SET)-listed companies (from 1 January 2016 to 31 December 2019) in contrarian …
