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Keywords: CAPM
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Journal Articles
Review of Accounting and Finance (2014) 13 (4): 310–325.
Published: 04 November 2014
... to their tendency to be thinly traded and smaller-sized firms than winners are addressed. Design/methodology/approach – Portfolios based on past performance are constructed and it is examined whether contrarian returns exist. The Capital Asset Pricing Model (CAPM), Fama and French three-factor model...

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