Fama and French 3-Factor Model and Stock Prices: Empirical Evidence from Nigeria
Abstract
This study examined the effect of Fama and French 3-Factor model on stock prices in the Nigeria stock market. Time series data were sourced from Central Bank of Nigeria Statistical Bulletin from
Keywords
Fama and French3-Factor ModelStock PricesStock Market Size
References
Abeysekera, S. P. & Arvind, M. (1988). A test of the arbitrage pricing theory in pricing UK stocks, Journal of Business Finance & Accounting, 4(2), 377-391. Adaramola, A. 0. (2011). The impact of macroeconomic indicators on stock prices in Nigeria. Developing Country Studies, 1(2), 1-14. Ade, I., & Dallah, H. (2010).Modelling and forecasting the volatility of the daily returns of Nigerian insurance stocks. International Business Research,3(2),106-116. Adjasi, C. K. D. &Biekpe, B. N. (2005). Stock market returns and exchange rate dynamics in selected African countries: a bivariate analysis. The African Financial Journal, 1(4):23-44. Ahmad, E. & Rosser, B.J. (1995). Non-linear speculative bubbles in the Pakistan stock markets.Pakistan Development Review, 34 (1), 25-41.
More Articles from IIARD INTERNATIONAL JOURNAL OF BANKING AND FINANCE RESEARCH
Effect of Monetary Policy on Profitability of Deposit Money Banks in Nigeria
Author: Stephanie Nguhemen Gbande, Mike T. Soomiyol, Timothy Tyona, Gaius Msendoo Asombo
Examining the Impact of Corporate Social Responsibility on Financial Performance: Evidence from Small and Medium-Sized Enterprises in Hanoi
Author: Nguyen Mai Phuong
Cognitive Diversity and Performance of Deposit Money Banks in Nigeria
Author: 1Nwangwu, Okwudiri Iheanyi, 2 Pepple, Grace Jamie PhD
Banking Innovations and Industrial Sector Performance in Nigeria: Evidence from ARDL Model
Author: Peter Ngbede Ajam, Abiodun Edward Adelegan, Benson Emmanuel
Environmental Sustainability and Entrepreneurial Performance in Nigeria: A Case Study of Enugu State
Author: i, Azolike Nkiru Nkechi, ii, Okwor Emmanuel Ejimnkonye, iii, Eneaniofu Daniel Mmaduakonam