Which of the following statements regarding global industry analysis is true?
A) Cavaglia, Brightman, and Aked (2000) found that country factors dominated industry factors in terms of explaining equity returns.
B) Cavaglia, Brightman, and Aked (2000) found that industry factors have been declining in importance.
C) Cavaglia, Brightman, and Aked (2000) found that industry factors dominate country factors.
D) Both a and b are true
E) All of the above are true
Correct Answer:
Verified
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