id	sid	eid	entity	type
ajfa-8898	1	1	microsoft	ORG
ajfa-8898	1	2	8898-32552	CARDINAL
ajfa-8898	1	3	asian	NORP
ajfa-8898	1	4	finance & accounting	ORG
ajfa-8898	1	5	1946-052x 2016	MONEY
ajfa-8898	1	6	8	CARDINAL
ajfa-8898	1	7	1	CARDINAL
ajfa-8898	1	8	1	CARDINAL
ajfa-8898	1	9	india	GPE
ajfa-8898	1	10	jaipuria institute of management	ORG
ajfa-8898	1	11	jaipur	GPE
ajfa-8898	1	12	india e	GPE
ajfa-8898	2	1	kumar	PERSON
ajfa-8898	2	2	department of economics national institute of financial management	ORG
ajfa-8898	2	3	faridabad	GPE
ajfa-8898	2	4	haryana	GPE
ajfa-8898	2	5	india e	GPE
ajfa-8898	2	6	jan. 19	DATE
ajfa-8898	2	7	2016	DATE
ajfa-8898	2	8	feb. 22	DATE
ajfa-8898	2	9	2016	DATE
ajfa-8898	2	10	june 1	DATE
ajfa-8898	2	11	2016	DATE
ajfa-8898	2	12	indian	NORP
ajfa-8898	3	1	2	CARDINAL
ajfa-8898	3	2	0	DATE
ajfa-8898	3	3	1	CARDINAL
ajfa-8898	4	1	1987	DATE
ajfa-8898	6	1	indian	NORP
ajfa-8898	8	1	newey-west statistics	ORG
ajfa-8898	8	2	arima jel classification: c30	ORG
ajfa-8898	8	3	g11	ORG
ajfa-8898	8	4	g12 asian journal of finance & accounting	ORG
ajfa-8898	8	5	1946-052x 2016	MONEY
ajfa-8898	8	6	8	CARDINAL
ajfa-8898	8	7	1	CARDINAL
ajfa-8898	8	8	2 1	DATE
ajfa-8898	9	1	1959	DATE
ajfa-8898	9	2	sharpe, 1964	ORG
ajfa-8898	9	3	treynor	GPE
ajfa-8898	9	4	1961	DATE
ajfa-8898	9	5	1965	DATE
ajfa-8898	11	1	clara	GPE
ajfa-8898	11	2	2003	DATE
ajfa-8898	12	1	past two decades	DATE
ajfa-8898	13	1	1987	DATE
ajfa-8898	14	1	1987	DATE
ajfa-8898	14	2	three	CARDINAL
ajfa-8898	14	3	first	ORDINAL
ajfa-8898	14	4	second	ORDINAL
ajfa-8898	14	5	third	ORDINAL
ajfa-8898	15	1	campbell et	ORG
ajfa-8898	16	1	al.	PERSON
ajfa-8898	16	2	2001	DATE
ajfa-8898	16	3	first	ORDINAL
ajfa-8898	17	1	two	CARDINAL
ajfa-8898	18	1	1962-1997	DATE
ajfa-8898	20	1	second	ORDINAL
ajfa-8898	20	2	clara	GPE
ajfa-8898	20	3	2003	DATE
ajfa-8898	20	4	july 1962 to december 1999	DATE
ajfa-8898	20	5	returns.these	NORP
ajfa-8898	23	1	al.	PERSON
ajfa-8898	23	2	2006	DATE
ajfa-8898	23	3	january 1986 to	DATE
ajfa-8898	26	1	second	ORDINAL
ajfa-8898	26	2	third	ORDINAL
ajfa-8898	26	3	indian	NORP
ajfa-8898	27	1	asian	NORP
ajfa-8898	27	2	finance & accounting	ORG
ajfa-8898	27	3	1946-052x 2016	MONEY
ajfa-8898	27	4	8	CARDINAL
ajfa-8898	27	5	1 ajfa.macrothink.org 3	CARDINAL
ajfa-8898	28	1	clara	GPE
ajfa-8898	28	2	2003	DATE
ajfa-8898	28	3	wang	PERSON
ajfa-8898	28	4	2005	DATE
ajfa-8898	29	1	clara	GPE
ajfa-8898	29	2	2003	DATE
ajfa-8898	29	3	bali	GPE
ajfa-8898	30	1	al.	PERSON
ajfa-8898	30	2	2005	DATE
ajfa-8898	32	1	fu	ORG
ajfa-8898	32	2	2009	DATE
ajfa-8898	33	1	al.	PERSON
ajfa-8898	33	2	2009	DATE
ajfa-8898	33	3	chua et	PERSON
ajfa-8898	34	1	al.	PERSON
ajfa-8898	34	2	2010)and	CARDINAL
ajfa-8898	34	3	marcelo	PERSON
ajfa-8898	35	1	al.	PERSON
ajfa-8898	35	2	2012	DATE
ajfa-8898	36	1	al.	PERSON
ajfa-8898	36	2	2006	DATE
ajfa-8898	36	3	2009	DATE
ajfa-8898	36	4	guo	PERSON
ajfa-8898	36	5	savickas	ORG
ajfa-8898	36	6	2010	DATE
ajfa-8898	36	7	saad	PERSON
ajfa-8898	36	8	2012	DATE
ajfa-8898	37	1	bali	GPE
ajfa-8898	38	1	al.	PERSON
ajfa-8898	38	2	2005	DATE
ajfa-8898	38	3	bali	GPE
ajfa-8898	38	4	cakici	GPE
ajfa-8898	38	5	2008	DATE
ajfa-8898	41	1	fu	PERSON
ajfa-8898	41	2	2009	DATE
ajfa-8898	42	1	french	NORP
ajfa-8898	42	2	1987	DATE
ajfa-8898	42	3	un	ORG
ajfa-8898	43	1	chua et	PERSON
ajfa-8898	44	1	al.	PERSON
ajfa-8898	44	2	2010	DATE
ajfa-8898	44	3	two	CARDINAL
ajfa-8898	46	1	indian	NORP
ajfa-8898	47	1	indian	NORP
ajfa-8898	48	1	indian	NORP
ajfa-8898	49	1	chua et	ORG
ajfa-8898	50	1	al.	PERSON
ajfa-8898	50	2	2010	DATE
ajfa-8898	51	1	french	NORP
ajfa-8898	51	2	1987	DATE
ajfa-8898	51	3	arima	ORG
ajfa-8898	51	4	2	CARDINAL
ajfa-8898	51	5	0	DATE
ajfa-8898	51	6	1	CARDINAL
ajfa-8898	51	7	2	CARDINAL
ajfa-8898	52	1	monthly	DATE
ajfa-8898	52	2	2001	DATE
ajfa-8898	52	3	2012	DATE
ajfa-8898	52	4	500	CARDINAL
ajfa-8898	53	1	monthly	DATE
ajfa-8898	53	2	french	NORP
ajfa-8898	53	3	1993	DATE
ajfa-8898	53	4	monthly	DATE
ajfa-8898	55	1	2	CARDINAL
ajfa-8898	55	2	1	CARDINAL
ajfa-8898	56	1	newey-west	ORG
ajfa-8898	56	2	1987	DATE
ajfa-8898	57	1	the asian journal of finance & accounting	ORG
ajfa-8898	57	2	1946-052x 2016	MONEY
ajfa-8898	57	3	8	CARDINAL
ajfa-8898	57	4	1	CARDINAL
ajfa-8898	57	5	4	CARDINAL
ajfa-8898	58	1	1987	DATE
ajfa-8898	58	2	fu	PERSON
ajfa-8898	58	3	2009	DATE
ajfa-8898	58	4	chua et	PERSON
ajfa-8898	59	1	al.	PERSON
ajfa-8898	59	2	2010	DATE
ajfa-8898	61	1	al.	PERSON
ajfa-8898	61	2	2006	DATE
ajfa-8898	61	3	2009	DATE
ajfa-8898	61	4	two	CARDINAL
ajfa-8898	61	5	bali	GPE
ajfa-8898	61	6	cakici	GPE
ajfa-8898	61	7	2008	DATE
ajfa-8898	63	1	section 2	LAW
ajfa-8898	63	2	section 3	LAW
ajfa-8898	63	3	section 4. 2	LAW
ajfa-8898	63	4	monthly	DATE
ajfa-8898	63	5	91	CARDINAL
ajfa-8898	63	6	hml	ORG
ajfa-8898	63	7	500	CARDINAL
ajfa-8898	63	8	2001(fy	CARDINAL
ajfa-8898	63	9	2012	DATE
ajfa-8898	64	1	indian	NORP
ajfa-8898	64	2	4.0	CARDINAL
ajfa-8898	65	1	273	CARDINAL
ajfa-8898	66	1	the 91 days	DATE
ajfa-8898	67	1	hml	ORG
ajfa-8898	67	2	1992	DATE
ajfa-8898	68	1	2.1	CARDINAL
ajfa-8898	68	2	1992	DATE
ajfa-8898	68	3	hml	ORG
ajfa-8898	68	4	two	CARDINAL
ajfa-8898	69	1	the end of march of each year from 2001 to 2011	DATE
ajfa-8898	70	1	two	CARDINAL
ajfa-8898	71	1	three	CARDINAL
ajfa-8898	71	2	bottom 30%	PERCENT
ajfa-8898	71	3	middle 40%	PERCENT
ajfa-8898	71	4	30%	PERCENT
ajfa-8898	72	1	monthly	DATE
ajfa-8898	72	2	six	CARDINAL
ajfa-8898	72	3	april of year	DATE
ajfa-8898	73	1	smb	PERSON
ajfa-8898	73	2	each month	DATE
ajfa-8898	73	3	three	CARDINAL
ajfa-8898	73	4	s/h	ORG
ajfa-8898	73	5	three	CARDINAL
ajfa-8898	74	1	hml	ORG
ajfa-8898	74	2	each month	DATE
ajfa-8898	74	3	two	CARDINAL
ajfa-8898	74	4	two	CARDINAL
ajfa-8898	75	1	2.2	CARDINAL
ajfa-8898	75	2	1993	DATE
ajfa-8898	75	3	monthly	DATE
ajfa-8898	76	1	tititititititititi hmlsmbrmr	PERSON
ajfa-8898	76	2	3,,2	DATE
ajfa-8898	76	3	1) asian journal	MONEY
ajfa-8898	76	4	finance & accounting	ORG
ajfa-8898	76	5	1946-052x 2016	MONEY
ajfa-8898	76	6	8	CARDINAL
ajfa-8898	76	7	1 ajfa.macrothink.org	CARDINAL
ajfa-8898	76	8	5	CARDINAL
ajfa-8898	76	9	monthly	DATE
ajfa-8898	76	10	month	DATE
ajfa-8898	76	11	monthly	DATE
ajfa-8898	76	12	500	CARDINAL
ajfa-8898	79	1	al.	PERSON
ajfa-8898	79	2	2006	DATE
ajfa-8898	79	3	chua et	PERSON
ajfa-8898	80	1	al.	PERSON
ajfa-8898	80	2	2010	DATE
ajfa-8898	80	3	month	DATE
ajfa-8898	80	4	2ε	CARDINAL
ajfa-8898	80	5	2	CARDINAL
ajfa-8898	80	6	month	DATE
ajfa-8898	80	7	2ε	CARDINAL
ajfa-8898	81	1	2	CARDINAL
ajfa-8898	81	2	1	CARDINAL
ajfa-8898	82	1	monthly	DATE
ajfa-8898	83	1	112,21,10	CARDINAL
ajfa-8898	83	2	3	CARDINAL
ajfa-8898	83	3	1	CARDINAL
ajfa-8898	83	4	2	CARDINAL
ajfa-8898	83	5	two	CARDINAL
ajfa-8898	83	6	1−tξ	DATE
ajfa-8898	83	7	first	ORDINAL
ajfa-8898	84	1	chua et	PERSON
ajfa-8898	85	1	al.	PERSON
ajfa-8898	85	2	2010	DATE
ajfa-8898	85	3	3	CARDINAL
ajfa-8898	85	4	2.3	CARDINAL
ajfa-8898	85	5	1	CARDINAL
ajfa-8898	86	1	0.035769 0.033425	MONEY
ajfa-8898	86	2	0.002344 median	MONEY
ajfa-8898	87	1	0.119635 0.104803	MONEY
ajfa-8898	87	2	11.0647	CARDINAL
ajfa-8898	87	3	16.24822	CARDINAL
ajfa-8898	87	4	129.1697	CARDINAL
ajfa-8898	87	5	266.9859	CARDINAL
ajfa-8898	87	6	june 2001 to march 2012	DATE
ajfa-8898	88	1	every month	DATE
ajfa-8898	88	2	2	CARDINAL
ajfa-8898	88	3	asian	NORP
ajfa-8898	88	4	finance & accounting	ORG
ajfa-8898	88	5	1946-052x 2016	MONEY
ajfa-8898	88	6	8	CARDINAL
ajfa-8898	88	7	1	CARDINAL
ajfa-8898	88	8	6	CARDINAL
ajfa-8898	88	9	3	CARDINAL
ajfa-8898	90	1	1	CARDINAL
ajfa-8898	91	1	indian	NORP
ajfa-8898	91	2	0.036	CARDINAL
ajfa-8898	91	3	0.12	CARDINAL
ajfa-8898	92	1	indian	NORP
ajfa-8898	93	1	al.	PERSON
ajfa-8898	93	2	2010	DATE
ajfa-8898	93	3	zang 2004	PERSON
ajfa-8898	93	4	indian	NORP
ajfa-8898	94	1	0.032	CARDINAL
ajfa-8898	95	1	0.1048	CARDINAL
ajfa-8898	96	1	ui	ORG
ajfa-8898	96	2	0.0023	CARDINAL
ajfa-8898	96	3	0.03	CARDINAL
ajfa-8898	97	1	3	CARDINAL
ajfa-8898	97	2	3.1	CARDINAL
ajfa-8898	98	1	tititi	PERSON
ajfa-8898	98	2	ivr	ORG
ajfa-8898	98	3	10	CARDINAL
ajfa-8898	99	1	4	CARDINAL
ajfa-8898	99	2	2	CARDINAL
ajfa-8898	100	1	1	CARDINAL
ajfa-8898	100	2	2	CARDINAL
ajfa-8898	100	3	0.48034	CARDINAL
ajfa-8898	100	4	2.618798	CARDINAL
ajfa-8898	100	5	0.007564	CARDINAL
ajfa-8898	100	6	0.807847	CARDINAL
ajfa-8898	100	7	0.173427	MONEY
ajfa-8898	100	8	june 2001 to march 2012	DATE
ajfa-8898	101	1	each month	DATE
ajfa-8898	101	2	273	CARDINAL
ajfa-8898	101	3	500	CARDINAL
ajfa-8898	102	1	1987	DATE
ajfa-8898	103	1	the asian journal of finance & accounting	ORG
ajfa-8898	103	2	1946-052x 2016	MONEY
ajfa-8898	103	3	8	CARDINAL
ajfa-8898	103	4	1	CARDINAL
ajfa-8898	104	1	lnbeme	PERSON
ajfa-8898	105	1	1%	PERCENT
ajfa-8898	105	2	5%	PERCENT
ajfa-8898	106	1	1	CARDINAL
ajfa-8898	106	2	2	CARDINAL
ajfa-8898	106	3	1987	DATE
ajfa-8898	107	1	-0.04	ORG
ajfa-8898	107	2	0.48	CARDINAL
ajfa-8898	107	3	1%	PERCENT
ajfa-8898	108	1	indian	NORP
ajfa-8898	109	1	french	NORP
ajfa-8898	109	2	1992	DATE
ajfa-8898	110	1	1	CARDINAL
ajfa-8898	110	2	2	CARDINAL
ajfa-8898	111	1	mcapbemeivr	FAC
ajfa-8898	111	2	3,2,10	CARDINAL
ajfa-8898	111	3	5	CARDINAL
ajfa-8898	111	4	2	CARDINAL
ajfa-8898	111	5	2	CARDINAL
ajfa-8898	112	1	0.62	CARDINAL
ajfa-8898	112	2	1	CARDINAL
ajfa-8898	113	1	1%	PERCENT
ajfa-8898	115	1	fu	PERSON
ajfa-8898	115	2	2009	DATE
ajfa-8898	116	1	3.2	CARDINAL
ajfa-8898	116	2	10	CARDINAL
ajfa-8898	116	3	6	CARDINAL
ajfa-8898	116	4	finance & accounting	ORG
ajfa-8898	116	5	1946-052x 2016	MONEY
ajfa-8898	116	6	8	CARDINAL
ajfa-8898	116	7	1	CARDINAL
ajfa-8898	116	8	8	CARDINAL
ajfa-8898	116	9	3	CARDINAL
ajfa-8898	116	10	3	CARDINAL
ajfa-8898	116	11	4	CARDINAL
ajfa-8898	116	12	0.2596	CARDINAL
ajfa-8898	116	13	0.3026	CARDINAL
ajfa-8898	116	14	0.4575	CARDINAL
ajfa-8898	116	15	0.525245	CARDINAL
ajfa-8898	116	16	2.0831	CARDINAL
ajfa-8898	116	17	june 2001 to march 2012	DATE
ajfa-8898	117	1	each month	DATE
ajfa-8898	117	2	273	CARDINAL
ajfa-8898	117	3	500	CARDINAL
ajfa-8898	118	1	1987	DATE
ajfa-8898	121	1	1%	PERCENT
ajfa-8898	121	2	5%	PERCENT
ajfa-8898	122	1	3	CARDINAL
ajfa-8898	122	2	3presents	PRODUCT
ajfa-8898	123	1	0.26	CARDINAL
ajfa-8898	123	2	5%	PERCENT
ajfa-8898	125	1	2,10	ORG
ajfa-8898	125	2	7	CARDINAL
ajfa-8898	125	3	4	CARDINAL
ajfa-8898	125	4	3	CARDINAL
ajfa-8898	126	1	0.5252	ORG
ajfa-8898	126	2	1%	PERCENT
ajfa-8898	127	1	al.	PERSON
ajfa-8898	127	2	2010	DATE
ajfa-8898	128	1	0.24	CARDINAL
ajfa-8898	128	2	5%	PERCENT
ajfa-8898	130	1	indian	NORP
ajfa-8898	132	1	1%	PERCENT
ajfa-8898	132	2	0.24%	PERCENT
ajfa-8898	134	1	indian	NORP
ajfa-8898	135	1	asian	NORP
ajfa-8898	135	2	finance & accounting	ORG
ajfa-8898	135	3	1946-052x 2016	MONEY
ajfa-8898	135	4	8	CARDINAL
ajfa-8898	135	5	1	CARDINAL
ajfa-8898	135	6	9	CARDINAL
ajfa-8898	135	7	french	NORP
ajfa-8898	135	8	1992	DATE
ajfa-8898	136	1	3.3	CARDINAL
ajfa-8898	136	2	bememcapuieir	ORG
ajfa-8898	136	3	4,3,2,10	ORDINAL
ajfa-8898	137	1	8)	CARDINAL
ajfa-8898	137	2	4	CARDINAL
ajfa-8898	137	3	0.55009	CARDINAL
ajfa-8898	137	4	0.55381 ui	MONEY
ajfa-8898	138	1	1.95668	CARDINAL
ajfa-8898	138	2	0.00701	CARDINAL
ajfa-8898	138	3	0.17999	CARDINAL
ajfa-8898	138	4	june 2001 to march 2012	DATE
ajfa-8898	139	1	each month	DATE
ajfa-8898	139	2	273	CARDINAL
ajfa-8898	139	3	500	CARDINAL
ajfa-8898	140	1	1987	DATE
ajfa-8898	142	1	1%	PERCENT
ajfa-8898	142	2	5%	PERCENT
ajfa-8898	143	1	4	CARDINAL
ajfa-8898	143	2	1987	DATE
ajfa-8898	144	1	0.55	CARDINAL
ajfa-8898	144	2	0.24	CARDINAL
ajfa-8898	144	3	4	CARDINAL
ajfa-8898	144	4	3	CARDINAL
ajfa-8898	146	1	5%	PERCENT
ajfa-8898	146	2	asian	NORP
ajfa-8898	146	3	finance & accounting	ORG
ajfa-8898	146	4	1946-052x 2016	MONEY
ajfa-8898	146	5	8	CARDINAL
ajfa-8898	146	6	1	CARDINAL
ajfa-8898	146	7	10	CARDINAL
ajfa-8898	146	8	indian	NORP
ajfa-8898	147	1	2009	DATE
ajfa-8898	147	2	chua et	PERSON
ajfa-8898	148	1	al.	PERSON
ajfa-8898	148	2	2010	DATE
ajfa-8898	149	1	4.	CARDINAL
ajfa-8898	149	2	indian	NORP
ajfa-8898	150	1	two	CARDINAL
ajfa-8898	150	2	first	ORDINAL
ajfa-8898	150	3	second	ORDINAL
ajfa-8898	151	1	second	ORDINAL
ajfa-8898	151	2	2009	DATE
ajfa-8898	152	1	indian	NORP
ajfa-8898	153	1	french	NORP
ajfa-8898	153	2	1992	DATE
ajfa-8898	153	3	55%	PERCENT
ajfa-8898	154	1	1%	PERCENT
ajfa-8898	154	2	0.55%	PERCENT
ajfa-8898	155	1	spiegel	ORG
ajfa-8898	155	2	wang	PERSON
ajfa-8898	155	3	2005	DATE
ajfa-8898	155	4	fu	PERSON
ajfa-8898	155	5	2009	DATE
ajfa-8898	155	6	chua et	PERSON
ajfa-8898	156	1	al.	PERSON
ajfa-8898	156	2	2010	DATE
ajfa-8898	158	1	al.	PERSON
ajfa-8898	158	2	2006	DATE
ajfa-8898	158	3	2009	DATE
ajfa-8898	158	4	bali	GPE
ajfa-8898	158	5	cakici	PERSON
ajfa-8898	158	6	2008)because	CARDINAL
ajfa-8898	159	1	indian	NORP
ajfa-8898	160	1	hodrick	PERSON
ajfa-8898	160	2	r.	NORP
ajfa-8898	160	3	xing, & y.	ORG
ajfa-8898	160	4	x.	GPE
ajfa-8898	160	5	2006	DATE
ajfa-8898	162	1	61	CARDINAL
ajfa-8898	162	2	259–299	CARDINAL
ajfa-8898	163	1	hodrick	ORG
ajfa-8898	163	2	r.j.	PERSON
ajfa-8898	163	3	xing	PERSON
ajfa-8898	163	4	x.	GPE
ajfa-8898	163	5	2009	DATE
ajfa-8898	164	1	u.s evidence	GPE
ajfa-8898	165	1	journal of financial economics	ORG
ajfa-8898	165	2	91	DATE
ajfa-8898	165	3	1-23	CARDINAL
ajfa-8898	166	1	bali	GPE
ajfa-8898	166	2	t., & cakici	ORG
ajfa-8898	166	3	2008	DATE
ajfa-8898	168	1	43	CARDINAL
ajfa-8898	168	2	29–58	CARDINAL
ajfa-8898	169	1	bali	GPE
ajfa-8898	169	2	t.	GPE
ajfa-8898	169	3	cakici	GPE
ajfa-8898	169	4	yan	PERSON
ajfa-8898	169	5	x.	GPE
ajfa-8898	169	6	& zhang	PERSON
ajfa-8898	169	7	2005	DATE
ajfa-8898	171	1	60	CARDINAL
ajfa-8898	171	2	905–929	CARDINAL
ajfa-8898	172	1	j., saad	PERSON
ajfa-8898	172	2	m.	PERSON
ajfa-8898	172	3	2012	DATE
ajfa-8898	174	1	journal of international financial markets	ORG
ajfa-8898	174	2	22	DATE
ajfa-8898	174	3	538	CARDINAL
ajfa-8898	174	4	554	CARDINAL
ajfa-8898	175	1	finance & accounting	ORG
ajfa-8898	175	2	1946-052x 2016	MONEY
ajfa-8898	175	3	8	CARDINAL
ajfa-8898	175	4	1	CARDINAL
ajfa-8898	175	5	11	CARDINAL
ajfa-8898	175	6	r.	NORP
ajfa-8898	175	7	b.	PERSON
ajfa-8898	175	8	kumar	PERSON
ajfa-8898	176	1	1987	DATE
ajfa-8898	176	2	miller	ORG
ajfa-8898	176	3	1977	DATE
ajfa-8898	177	1	12	CARDINAL
ajfa-8898	177	2	438–468	CARDINAL
ajfa-8898	178	1	j.	PERSON
ajfa-8898	178	2	lettau	PERSON
ajfa-8898	178	3	m.	PERSON
ajfa-8898	178	4	2001	DATE
ajfa-8898	181	1	56	CARDINAL
ajfa-8898	181	2	1–43	CARDINAL
ajfa-8898	182	1	http://dx.doi.org/10.1111/0022-1082.00318 chua	PERSON
ajfa-8898	182	2	c., goh	PERSON
ajfa-8898	182	3	j., & zhang	ORG
ajfa-8898	182	4	z.	PERSON
ajfa-8898	182	5	2010	DATE
ajfa-8898	184	1	journal of financial research	ORG
ajfa-8898	184	2	33(2	DATE
ajfa-8898	184	3	103–123	CARDINAL
ajfa-8898	185	1	fama	GPE
ajfa-8898	185	2	e., & french	ORG
ajfa-8898	185	3	1992	DATE
ajfa-8898	187	1	48	DATE
ajfa-8898	187	2	427–465	CARDINAL
ajfa-8898	188	1	e., & french	ORG
ajfa-8898	188	2	k.	PERSON
ajfa-8898	188	3	1993	DATE
ajfa-8898	190	1	journal of financial economics	ORG
ajfa-8898	190	2	33	DATE
ajfa-8898	190	3	3–56	DATE
ajfa-8898	191	1	french	NORP
ajfa-8898	191	2	k.	PERSON
ajfa-8898	191	3	r.	PERSON
ajfa-8898	191	4	1987	DATE
ajfa-8898	193	1	journal of financial economics	ORG
ajfa-8898	193	2	19	DATE
ajfa-8898	193	3	3–29	CARDINAL
ajfa-8898	194	1	f.(2009	ORG
ajfa-8898	195	1	91	CARDINAL
ajfa-8898	196	1	24.37	CARDINAL
ajfa-8898	197	1	http://dx.doi.org/10.1016/j.jfineco.2008.02.003 goyal	GPE
ajfa-8898	197	2	a., & santa-clara, p.(2003	ORG
ajfa-8898	199	1	58	DATE
ajfa-8898	199	2	975.1007	DATE
ajfa-8898	200	1	http://dx.doi.org/10.1111/1540-6261.00555 guo	ORG
ajfa-8898	200	2	r.	NORP
ajfa-8898	200	3	2010	DATE
ajfa-8898	202	1	34(7	CARDINAL
ajfa-8898	202	2	1637–1649	DATE
ajfa-8898	203	1	n., & titman	ORG
ajfa-8898	203	2	2001	DATE
ajfa-8898	205	1	56	CARDINAL
ajfa-8898	205	2	699–720	CARDINAL
ajfa-8898	206	1	j.	PERSON
ajfa-8898	206	2	1965	DATE
ajfa-8898	208	1	47	DATE
ajfa-8898	208	2	13	CARDINAL
ajfa-8898	209	1	marcelo	PERSON
ajfa-8898	209	2	j. l. m.	PERSON
ajfa-8898	209	3	quirós	PERSON
ajfa-8898	209	4	m. m. m.	PERSON
ajfa-8898	209	5	j. l. m.	PERSON
ajfa-8898	209	6	2012	DATE
ajfa-8898	210	1	spanish	NORP
ajfa-8898	211	1	21	DATE
ajfa-8898	211	2	261–271	CARDINAL
ajfa-8898	212	1	http://dx.doi.org/10.1016/j.iref.2011.07.004 markowitz	PERSON
ajfa-8898	212	2	1959	DATE
ajfa-8898	214	1	new york	GPE
ajfa-8898	215	1	wiley	PERSON
ajfa-8898	216	1	r.	PERSON
ajfa-8898	216	2	1987	DATE
ajfa-8898	218	1	42	CARDINAL
ajfa-8898	218	2	483–510	CARDINAL
ajfa-8898	219	1	http://dx.doi.org/10.1111/j.1540-6261.1987.tb04565.x asian journal of finance & accounting	ORG
ajfa-8898	219	2	1946-052x 2016	MONEY
ajfa-8898	219	3	8	CARDINAL
ajfa-8898	219	4	1	CARDINAL
ajfa-8898	219	5	12	CARDINAL
ajfa-8898	219	6	w.k.	GPE
ajfa-8898	219	7	k.d.	GPE
ajfa-8898	219	8	1987	DATE
ajfa-8898	221	1	econometrica	PERSON
ajfa-8898	221	2	55	DATE
ajfa-8898	221	3	703	CARDINAL
ajfa-8898	222	1	sharpe	PERSON
ajfa-8898	222	2	w.	PERSON
ajfa-8898	222	3	1964	DATE
ajfa-8898	224	1	19	CARDINAL
ajfa-8898	224	2	425–442	CARDINAL
ajfa-8898	225	1	http://dx.doi.org/10.1111/j.1540-6261.1964.tb02865.x spiegel	ORG
ajfa-8898	225	2	m., & wang	ORG
ajfa-8898	225	3	x.	GPE
ajfa-8898	225	4	2006	DATE
ajfa-8898	227	1	yale university	ORG
ajfa-8898	227	2	treynor	GPE
ajfa-8898	227	3	j. l.	PERSON
ajfa-8898	227	4	1961	DATE
ajfa-8898	229	1	mimeo	PERSON
ajfa-8898	229	2	robert a. 1999	PERSON
ajfa-8898	229	3	london	GPE
ajfa-8898	230	1	clara	GPE
ajfa-8898	230	2	2003	DATE
ajfa-8898	230	3	three-month	DATE
ajfa-8898	230	4	treasury	ORG
ajfa-8898	232	1	hml	ORG
ajfa-8898	232	2	french	NORP
ajfa-8898	232	3	1993	DATE
ajfa-8898	232	4	section 2.1	LAW