Essays about: "HENRIK BYFORS"

Found 1 essay containing the words HENRIK BYFORS.

  1. 1. The Value Premium - Is the Failure To Explain it as a Compensation for Risk a Consequense of Mis-specified Models?

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Henrik Byfors; Carl Lantz; [2007]
    Keywords : risk; Value Premium; Conditional CAPM; Economics; econometrics; economic theory; economic systems; economic policy; Nationalekonomi; ekonometri; ekonomisk teori; ekonomiska system; ekonomisk politik; Business and Economics;

    Abstract : Many studies have tried to explain the stock market value premium identified by Fama and French and Rosenberg, Reid and Lanstein. To the proponents of conventional asset pricing theory the value premium, measured by HmL (high book-to-market minus low book-to-market), is a bit of a dilemma. READ MORE