Human capital-based four-factor asset pricing model: An empirical study from Pakistan

This study aims to extend the Fama-French three-factor model by including human capital as a fourth factor. For this purpose, we have collected data from 164 non-financial firms from July 2010 to June 2020. To evaluate the validity and applicability of our augmented human capital-based four-factor m...

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Principais autores:	Naveed Khan, Hassan Zada, Shakeel Ahmed, Fayaz Ali Shah, Shahid Jan
Format:	Artigo
Jezik:	Inglês
Izdano:	Elsevier 2023-05-01
Serija:	Heliyon
Teme:	Asset pricing Human capital Four-factor model Labor income Pakistan stock Exchange
Online dostop:	http://www.sciencedirect.com/science/article/pii/S2405844023035351
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