Naceur, Samy Ben; Ghazouani, Samir - In: Economic Notes 36 (2007) 1, pp. 89-113
In spite of popularity and theoretical simplicity of the one-factor Capital Asset Pricing Model (CAPM) used in the valuation of financial assets, researchers are more concerned with the important extension proposed by Fama and French (1993), that is, the Three-Factor Pricing Model (TFPM)....
