Testing Multi-Factor Asset Pricing Models in the Visegrad Countries
نویسندگان
چکیده
منابع مشابه
Testing Multi-factor Asset Pricing Models in the Visegrad Countries
There is no consensus in the literature as to which model should be used to estimate the stock returns and the cost of capital in the emerging markets. The Capital Asset Pricing Model (CAPM) that is most often used for this purpose in the developed markets has a poor empirical record and is likely not to hold in the less developed and less liquid emerging markets. Various factor models have bee...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2007
ISSN: 1556-5068
DOI: 10.2139/ssrn.1114363