Add to ORKG资本资产定价模型(CAPM)自诞生以来经历了无数次的检验,既有支持和肯定,也有质疑和挑战。采用时间序列回归和横截面回归对CAPM在上海股市的有效性进行了实证检验。结果发现,股票收益率与β之间的相关性并不显著,更不存在线性关系。这说明CAPM在上海股市并不适用。Countless empirical researches have been conducted to test the validity of the Capital Asset Pricng Model (CAPM) since its naissance. There have both affirmations and challenges to the CAPM. ffe empirical test of time-serial regression and cross-sectional regression is applied to check the validity of CAPM in Shanghai stock market in this paper. It is concluded that beta has no explanatory power and linear relation over average stock return. Thus we think that the CAPM does not work in shanghai stock
[[abstract]]Conventional tests of capital asset pricing model usually assume that β, a measure of th...
Summarization: The CAPM under the means of the two step regression procedure indicated that the cros...
The objective of this paper was to test if the single-factor CAPM model is valid in the Portuguese ...
There have been countless empirical studies conducted to test the validity of the Capital Asset Pric...
本文利用多种方法检验了CAPM在中国股票市场上的适用性。本文发现 ,无论是否存在无风险资产 ,都不能否定用以代表市场组合的市场综合指数的“均值———方差”有效性。但是 ,股票收益率不仅与贝塔之外的因子...
Since inception, China’s stock market has grown rapidly and has become one of the most important eme...
As a financial theory, the Capital Asset Pricing Model (CAPM) has dominated the academic literature ...
1 online resource (iii, 64 p.) : ill. (some col.)Includes abstract and appendices.Includes bibliogra...
During the past two decades, many scholars have studied the applicability of the capital asset prici...
In this dissertation some representative historical empirical tests of CAPM are reviewed. Then we ex...
Abstract The Capital Asset Pricing Model (CAPM) is one of the most significant theories of modern f...
Abstract. CAPM is one of the most important decision-making problems for most organizations in portf...
Objectives This paper attempts to address the question regarding the applicability of the CAPM in ...
As the stock market plays an important role in the global economy and Chinese economy become progres...
This paper is designed to examine the validity of the CAPM model in the emerging markets. I took the...
[[abstract]]Conventional tests of capital asset pricing model usually assume that β, a measure of th...
Summarization: The CAPM under the means of the two step regression procedure indicated that the cros...
The objective of this paper was to test if the single-factor CAPM model is valid in the Portuguese ...
There have been countless empirical studies conducted to test the validity of the Capital Asset Pric...
本文利用多种方法检验了CAPM在中国股票市场上的适用性。本文发现 ,无论是否存在无风险资产 ,都不能否定用以代表市场组合的市场综合指数的“均值———方差”有效性。但是 ,股票收益率不仅与贝塔之外的因子...
Since inception, China’s stock market has grown rapidly and has become one of the most important eme...
As a financial theory, the Capital Asset Pricing Model (CAPM) has dominated the academic literature ...
1 online resource (iii, 64 p.) : ill. (some col.)Includes abstract and appendices.Includes bibliogra...
During the past two decades, many scholars have studied the applicability of the capital asset prici...
In this dissertation some representative historical empirical tests of CAPM are reviewed. Then we ex...
Abstract The Capital Asset Pricing Model (CAPM) is one of the most significant theories of modern f...
Abstract. CAPM is one of the most important decision-making problems for most organizations in portf...
Objectives This paper attempts to address the question regarding the applicability of the CAPM in ...
As the stock market plays an important role in the global economy and Chinese economy become progres...
This paper is designed to examine the validity of the CAPM model in the emerging markets. I took the...
[[abstract]]Conventional tests of capital asset pricing model usually assume that β, a measure of th...
Summarization: The CAPM under the means of the two step regression procedure indicated that the cros...
The objective of this paper was to test if the single-factor CAPM model is valid in the Portuguese ...