Is CAPM Valid: Search for Efficient Market Portfolio
نویسندگان
چکیده
The selection of a proxy for market portfolio in CAPM model remains one the most crucial steps its empirical use. This paper aims to check validity Indian and identify efficient portfolio. Incorrect this may lead inaccurate result even rejection when tested empirically. further emphasises importance selecting correct reviews why standard cap-weighted indices can be used as then which ofsuch index is market. A sample 100 companies has been taken study efficiency four broad namely BSE SENSEX, 100, 200, 500 shows that better portfolio, instead popular Sensex, widely these kinds studies.
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ژورنال
عنوان ژورنال: Management Dynamics
سال: 2022
ISSN: ['2091-0460']
DOI: https://doi.org/10.57198/2583-4932.1216