P-Value (Familiarity) | Unfamiliar Assets | Familiar Assets | |
0.048 | −0.2033 n = 99 | −0.3567 n = 102 | Before CAPM |
0.004 | −0.0066 n = 109 | −0.2195 n = 123 | After CAPM |
| 0.011 | 0.116 | P-Value (Timing) |