of the trade-off between risk and expected return for the cross section of stock return. Nevertheless this intimidating … sentiment risk in the presence of other risk factors. We employ Fama and French time series regression approach to examine the … impact of market risk premium, size, book-to-market equity, momentum and liquidity as risk factors on stock return. Our …

describing risk-return relation of Croatian stocks. This paper shows that the Fama-French three-factor model is a valid pricing … missed by the market factor. Moreover, B/M factor has shown as a stronger common risk proxy in relation to size factor …

boom yields consistently positive excess returns. This excess return compensates for the risk of high negative returns in … countries on risk aversion, and low (high) risk aversion currencies depreciate (appreciate) in times of global turmoil. …