Adrian and Franzoni (2005) suggest that beta of a stock is determined by the factor loading of its unobservable long-run beta. The fundamental idea behind this model is that investors engage in a learning process of estimating this long-run beta. In this paper, a variation of this model is tested. Instead of estimating long-run beta, investors try to learn about factor loading. Given the long-r...

This paper mainly studies the effectiveness of factor investment represented by CAPM, FF three model and five in A-share market. Since birth middle last century, it is fashionable short. When focusing on China, superiority each controversial. In this paper, we took stock reform limit board as boundary, selected data from 1997 to 2020 study significance factor, profit (RMW) or (CMA), models. Thr...

Students considering a masters in Finance Engineering or Artificial Intelligence are usually required to have an undergraduate background science, technology, engineering, mathematics (STEM). STEM students good capacity and but they may not studied financial theory. To facilitate the classroom teaching of Capital Asset Pricing Model (CAPM) for students, this paper seeks expound on essence theor...

Abstract: This research aims to analyze the effect of financial performance on stock returns property & real estate companies listed Indonesia Stock Exchange in 2020 - 2021. The method used is quantitative descriptive which carried out by collecting and analyzing data statistical testing, as well type causal conclusive research. analytical technique this Multiple Linear Regression Analysis,...