2[4]Black F. Capital Market Equilibrium With Restricted Borrowing [J]. Journal of Business, 1972,45: 444 ～455
3[5]Chui A C W, Wei K C J. Book-to-market, Firm Size and the Turn-of-the-year Effect: Evidence From Pacific Basin Emerging Markets[J]. Pacific Basin Finance Journal, 1998,6:275～293
4[6]Daniel K, Titman S. Evidence on the Characteristic of Cross Sectional Variation in Stocks Returns[J].Journal of Finance, 1997,52:1～33
5[7]Davis J L, Fama E F, French K R. Characteristics,Covariance and Average Returns: 1929 to 1997[J].Journal of Finance, 2000, 55:389～406
6[8]Drew M E, Veeraraghavan M. Explaining the Crosssection of Stock Returns in the Asian Region[J]. International Quarterly Journal of Finance, 2001, 1:205～221
7[9]Drew M E, Veeraraghavan M. A Test of the FamaFrench Three Factor-factor Model in the Australian Equity Market[J]. Accounting, Accountability and Performance, 200la, 8: 77～ 92
8[10]Fama E F. Efficient Capital Market Ⅱ [J]. Journal of Finance, 1991,46:1575～1617
9[11]Fama E F, French K R. The Cross-section of Expected Stock Returns[J]. Journal of Finance, 1992,47:427～625
10[12]Fama E F, French K R. Common Risk Factors in the Returns on Stocks and Bonds[J]. Journal of Financial Economics, 1993,33 :3～ 56
