Pena, Francisco J. De; Forner, Carlos; López-Espinosa, … - In: Czech Journal of Economics and Finance (Finance a uver) 60 (2010) 5, pp. 426-446
The interpretation of the Fama and French SMB and HML factors (Fama and French, 1993) as risk factors is an unresolved question that has carried a lot of controversy in the asset-pricing literature and it is far from being solved. The aim of this study is to contribute to the understanding of...
