Atıf Sayısı
4
Görüntüleme
67
İndirme
26
This study aims at investigating whether Capital Asset Pricing Model (CAPM) is applicable in the İstanbul Stock Exchange Market. The risk-return structure of Turkish stocks is analyzed by testing the CAPM with Fama-MacBeth’s two-stage approach, a combination of both time series and cross section estimation. The time period covered is between 1991-1998. The findings suggested that there is no significant relationship between the return of portfolios and betas. Residual risk is also insignificant as we expected. In general, the results of the study indicate that CAPM cannot be used as a predictive model in Turkish Equity Markets.
Alan : Eğitim Bilimleri; Sosyal, Beşeri ve İdari Bilimler
Dergi Türü : Uluslararası
Makale Detay 
Atıf Yapanlar
Benzer Makaleler
Dergi Bilgisi
Eseri Dinleyin
Bu Sayfayı Yazdırın
Paylaş
Mendeley