Jamal Awil

← An Engine, Not a Camera

In the Fama-French model, beta plays no role. [fact]

In the Fama-French model, beta plays no role. In its place are two different factors: firm size (the total market value of a corporation's stocks) and "book-to-market" ratio (the ratio of a corporation's net assets as recorded in its balance sheet to its market value).

Donald MacKenzie, An Engine, Not a Camera, loc. 431