| Issue |
SHS Web Conf.
Volume 163, 2023
2023 8th International Conference on Social Sciences and Economic Development (ICSSED 2023)
|
|
|---|---|---|
| Article Number | 01019 | |
| Number of page(s) | 4 | |
| Section | Economic Trade and Financial Investment Analysis | |
| DOI | https://doi.org/10.1051/shsconf/202316301019 | |
| Published online | 28 April 2023 | |
Research on the Influencing Factors of Capital Asset Income ---- Is Based on the Fama-French Three-Factor Model
Dongbei University of Finance and Economics
* Corresponding author: 2223982849@qq.com
Capital asset pricing is very important to the development of listed companies. It is not only related to the performance of micro enterprises, but also related to the stability and development of macro financial markets. Therefore, the in-depth study of the law and influencing factors of listed companies’ return on capital assets is a theoretical problem worthy of in-depth exploration, but also has significant practical significance. In this paper, 160 stocks from 2012 to 2021 are selected for empirical analysis, and it is concluded that stocks of small-scale companies can realize good risk hedging as a hedge tool, and the trend of large-scale high-yield stocks conforms to the traditional capital asset pricing theory.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0 (https://creativecommons.org/licenses/by/4.0/).
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