[PDF][PDF] Towards modified capital asset pricing model: with evidence from nepal stock exchange
S Koirala - Asian Journal of Business and Economics, 2015 - onlineresearchjournals.com
Asian Journal of Business and Economics, 2015•onlineresearchjournals.com
The paper has proposed a modified asset-pricing model which is provides a simple and
applicable generalization to the conventional CAPM and is backed by evidence from Nepal
Stock Exchange. The empirical finding shows that the proposed modification, abbreviated as
MCAPM, provides nontrivial contribution to the limitation of conventional CAPM with
simplicity to test and apply. This study also highlights the application of the proposed
modification to Arbitrage Pricing Theory of asset pricing.
applicable generalization to the conventional CAPM and is backed by evidence from Nepal
Stock Exchange. The empirical finding shows that the proposed modification, abbreviated as
MCAPM, provides nontrivial contribution to the limitation of conventional CAPM with
simplicity to test and apply. This study also highlights the application of the proposed
modification to Arbitrage Pricing Theory of asset pricing.
Abstract
The paper has proposed a modified asset-pricing model which is provides a simple and applicable generalization to the conventional CAPM and is backed by evidence from Nepal Stock Exchange. The empirical finding shows that the proposed modification, abbreviated as MCAPM, provides nontrivial contribution to the limitation of conventional CAPM with simplicity to test and apply. This study also highlights the application of the proposed modification to Arbitrage Pricing Theory of asset pricing.
onlineresearchjournals.com
以上显示的是最相近的搜索结果。 查看全部搜索结果