{"doi":"10.1111/j.1540-6261.1992.tb04398.x","title":"The Cross‐Section of Expected Stock Returns","abstract":"<jats:title>ABSTRACT</jats:title><jats:p>Two easily measured variables, size and book‐to‐market equity, combine to capture the cross‐sectional variation in average stock returns associated with market <jats:italic>β</jats:italic>, size, leverage, book‐to‐market equity, and earnings‐price ratios. Moreover, when the tests allow for variation in <jats:italic>β</jats:italic> that is unrelated to size, the relation between market <jats:italic>β</jats:italic> and average return is flat, even when <jats:italic>β</jats:italic> is the only explanatory variable.</jats:p>","journal":"The Journal of Finance","year":1992,"id":4122,"datarank":25.461176849672704,"base_score":9.620394932418154,"endowment":9.620394932418154,"self_citation_contribution":1.4430592398627233,"citation_network_contribution":24.01811760980998,"self_endowment_contribution":1.4430592398627233,"citer_contribution":24.01811760980998,"corpus_percentile":96.3,"corpus_rank":1861,"citation_count":15068,"citer_count":186,"citers_with_citation_signal":186,"citers_with_endowment":186,"datacite_reuse_total":0,"is_dataset":false,"is_oa":true,"file_count":0,"downloads":0,"has_version_chain":false,"published_date":"1992-06-01","authors":[{"id":40884,"name":"KENNETH R. FRENCH","orcid":null,"position":1,"is_corresponding":false},{"id":963,"name":"Eugene F. Fama","orcid":null,"position":0,"is_corresponding":true}],"reference_count":31,"raw_metadata":{"citation_network_status":"fetched"},"created_at":"2026-03-01T18:20:47.508186Z","pmid":null,"pmcid":null,"fwci":null,"citation_percentile":null,"influential_citations":0,"oa_status":null,"license":null,"views":0,"total_file_size_bytes":0,"version_count":0,"clinical_trials":[],"software_tools":[],"db_accessions":[],"linked_datasets":[],"topics":[]}