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dc.contributor.authorHuong, Nguyen Lan
dc.date.accessioned2013-06-26T08:47:40Z
dc.date.accessioned2018-06-20T07:40:07Z
dc.date.available2013-06-26T08:47:40Z
dc.date.available2018-06-20T07:40:07Z
dc.date.issued2009
dc.identifier.urihttp://10.8.20.7:8080/xmlui/handle/123456789/192
dc.description.abstractThis study examines empirically the Fama-French Three-Factor Model using data of stocks trading on Hanoi Securities Trading Centre over the period 2006-2009. Specially, it examines whether the behavior of stock returns is explained by the changes of market factor, size effect, and book-to-market equity effect. The major objective of this study is to provide evidence that would contribute to the effort of explaining the Fama-French Three-Factor model in Vietnam which has a newly established stock market. Our findings confirm a significant relationship between market factor, size, book-to-market equity, and stocks rate of returns on HaSTC even in the presence of financial crisis. Consistent with Fama and French (1993) the thesis founded that among three factors, market factor has largest explanatory power to cross section returns. Beside market factor, size effect also plays a big role in explaining stocks returns. Book-to-market equity has contributed to changes of stocks returns, but the effect of book-to-market equity is not as significant as the effect of market factor and size.en_US
dc.description.sponsorshipDr. Nguyen Thu Hienen_US
dc.language.isoenen_US
dc.publisherInternational University HCMC, Vietnamen_US
dc.relation.ispartofseries;022000119
dc.subjectInvestmenten_US
dc.titleTest of Fama - French three - factor model on HASTC : Factors affect to stock returnsen_US
dc.typeThesisen_US


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