| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5089721 | Journal of Banking & Finance | 2012 | 16 Pages |
Abstract
⺠Industry returns cannot be explained fully by well-known asset pricing models. ⺠Common factors extracted from industry returns carry significant risk premiums. ⺠Neither rational nor behavioral theories alone can explain industry returns.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Pin-Huang Chou, Po-Hsin Ho, Kuan-Cheng Ko,