Fama–French Three-Factor Versus Daniel-Titman Characteristics Model: A Comparative Study of Asset Pricing Models from India

Table 1

Number of stocks in the sample across years.

Year	Number of business firms	Year	Number of business firms
1993–1994	157	2006–2007	307
1994–1995	180	2007–2008	327
1995–1996	198	2008–2009	350
1996–1997	216	2009–2010	354
1997–1998	222	2010–2011	365
1998–1999	231	2011–2012	380
1999–2000	234	2012–2013	383
2000–2001	243	2013–2014	385
2001–2002	246	2014–2015	477
2002–2003	253	2015–2016	481
2003–2004	262	2016–2017	490
2004–2005	269	2017–2018	496
2005–2006	282