Economics, Econometrics and Finance
6 years ago

Latin American stocks defy traditional pricing model, revealing new market insights.

1 view
SSRN Electronic Journal
The Cost of Equity Beyond Capm: Evidence from Latin American Stocks (1986-2004)
Martín Grandes

Paper Summary

The study looked at Latin American stocks from 1986 to 2004 to see if factors beyond the traditional CAPM model affect stock returns. They found that factors like company size, value, and leverage don't have a big impact on stock returns in Latin America.

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