Fama and French 3-Factor Model and Stock Prices: Empirical 
Evidence from Nigeria

LENYIE; Leesi

doi:https://doi.org/10.56201/ijbfr.v10.no2.2024.pg68.92

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Fama and French 3-Factor Model and Stock Prices: Empirical Evidence from Nigeria

LENYIE, Leesi

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.

Fama and French 3-Factor Model and Stock Prices: Empirical Evidence from Nigeria

Abstract

Keywords

References

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