Tobin-Q, Liquidity and Momentum risk-premia: A Demonstration of Weighted Least Squares Regression Approach
Purpose- The basic purpose of the study is to examine whether Tobin-q, liquidity and momentum risk-premium contributes the explanatory power in terms of explaining portfolio returns in PSX.Design/Methodology- The Weighted Least Square brynje tactical beanie (WLS) regression technique is empirically used to examine the nexus between risk-factor and