Lundgren, JesperOlin, Robin2021-06-302021-06-302021-06-30http://hdl.handle.net/2077/68945MSc in FinanceFour easily measured factors: market, size, investment, and pro tability together con- stitute the empirical q-factor model. The combination of factors have previously shown to largely capture the cross-sectional variation in average stock returns. An extensive examination of data from the Swedish equity market concludes that the q-factor model is not applicable. Additional tests demonstrate modest ndings in line with previous literature. The study does provide evidence of a positive pro tability-expected return relation.engAsset pricingq-factor modelSwedish equity marketText