(0.0052) (0.0025) (0.0024) 0.5857*** 0.0627 0.1214 MktRf (0.1401) (0.0878) (0.0896) 0.3057 -0.1622 -0.1384 SMB (0.2361) (0.1235) (0.1216) 0.6166*** 0.3818*** 0.4162*** HML (0.1903) (0.1107) (0.1108) 0.1496 0.0461 0.0587 WML (0.1541) (0.0671) (0.0707)
(0.0052) (0.0025) (0.0024) MktRf 0.5857*** 0.0627 0.1214 (0.1401) (0.0878) (0.0896) SMB 0.3057 -0.1622 -0.1384 (0.2361) (0.1235) (0.1216) HML 0.6166*** 0.3818*** 0.4162*** (0.1903) (0.1107) (0.1108) WML 0.1496 0.0461 0.0587 (0.1541) (0.0671) (0.0707)
1-s2.0-S0921800917310303-mmc1.docx