This study empirically investigates the Fama-French three-factor model and consumption CAPM model in unconditional and …

-French three-factor model which includes all three-factors. Findings show that all of the factors affect stock returns. Moreover … power among the four models examined. achieve higher returns than low book-tomarket firms. Finally, Fama-French three-factor … model …

of Fama and French Three Factor model in Karachi Stock Exchange (KSE). It employs a multivariate regression approach … portfolio were regressed on market, size and value factors. The results were encouraging for the three factor model. The three … the validity of three factor model in emerging markets. These findings havesubstantial implications for fund managers …

This study evaluates the ability of the Fama and French Three Factor model to explain a cross section of stock returns … factors. Our findings, in general, supported the notion of the three factor model. The three factor model was able to explain … for the size effect. Our findings are consistent with most of the studies that suggested the validity of the three factor …

(CAPM), Fama and French three-factor model and the Carhart’s (1997) momentum portfolio are used to test whether excess … for a sample of large firms. Second, this is robust to the Fama and French’s (1993, 1996) three-factor model and Carhart …