Global versus Local Asset Pricing: A New Test of Market Integration
نویسندگان
چکیده
منابع مشابه
risk and return: test of consumption based capital asset pricing model (ccapm) versus traditional capital asset pricing model (capm) in tehran exchange market
explanation relation between risk and return and capital asset pricing are concepts which is appointed as dominator and major paradigms in capital markets. so far as after offering capm by sharp & lintner, this model has been revised and criticized frequently. in this paper another version of capm has been tested versus traditional capm in tehran stock exchange. this version of capm measures se...
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ژورنال
عنوان ژورنال: Review of Financial Studies
سال: 2011
ISSN: 0893-9454,1465-7368
DOI: 10.1093/rfs/hhr094