Fama-MacBeth回归(FM回归) 英文版.pptx

Risk,Return,andEquilibrium:EmpiricalTestsEugeneF.FamaandJamesD.MacBeth1

ABSTRACT1、ThispaperteststherelationshipbetweenaveragereturnandriskforNewYorkStockExchangecommonstocks.2、Wecannotrejectthehypothesisofthesemodelsthatthepricingofcommonstocksreflectstheatte

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