Asset pricing in developed and emerging markets:a survey
Asset pricing theory states that investors should be rewarded for the risks that are associated with the state variables, in addition to market risks, which affect their investment opportunity sets. The state variables, however, are latent variables that vary (a) within developed markets (which cons...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Penerbit UTM Press
2016
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| Online Access: | http://irep.iium.edu.my/55105/ http://irep.iium.edu.my/55105/1/Hakim%20and%20Mohamad%20%282016%29%20SH.pdf |
| _version_ | 1848784523051925504 |
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| author | Mohamad, Azhar Hakim, Shabir Ahmad |
| author_facet | Mohamad, Azhar Hakim, Shabir Ahmad |
| author_sort | Mohamad, Azhar |
| building | IIUM Repository |
| collection | Online Access |
| description | Asset pricing theory states that investors should be rewarded for the risks that are associated with the state variables, in addition to market risks, which affect their investment opportunity sets. The state variables, however, are latent variables that vary (a) within developed markets (which consist of segmented and international markets); (b) between developed and emerging markets. In this paper, we provide an evaluation of the development of asset pricing theory and an identification of factors that are pervasive and priced in both developed and emerging markets. This survey of the literature suggests there is a need for distinctive asset pricing models that consider the unique characteristics of both markets. |
| first_indexed | 2025-11-14T16:38:36Z |
| format | Article |
| id | iium-55105 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:38:36Z |
| publishDate | 2016 |
| publisher | Penerbit UTM Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-551052017-02-01T06:21:15Z http://irep.iium.edu.my/55105/ Asset pricing in developed and emerging markets:a survey Mohamad, Azhar Hakim, Shabir Ahmad HG4501 Stocks, investment, speculation Asset pricing theory states that investors should be rewarded for the risks that are associated with the state variables, in addition to market risks, which affect their investment opportunity sets. The state variables, however, are latent variables that vary (a) within developed markets (which consist of segmented and international markets); (b) between developed and emerging markets. In this paper, we provide an evaluation of the development of asset pricing theory and an identification of factors that are pervasive and priced in both developed and emerging markets. This survey of the literature suggests there is a need for distinctive asset pricing models that consider the unique characteristics of both markets. Penerbit UTM Press 2016-08 Article PeerReviewed application/pdf en http://irep.iium.edu.my/55105/1/Hakim%20and%20Mohamad%20%282016%29%20SH.pdf Mohamad, Azhar and Hakim, Shabir Ahmad (2016) Asset pricing in developed and emerging markets:a survey. Sains Humanika, 8 (3). pp. 47-64. ISSN 2289-6996 http://www.sainshumanika.utm.my/index.php/sainshumanika/article/view/875 |
| spellingShingle | HG4501 Stocks, investment, speculation Mohamad, Azhar Hakim, Shabir Ahmad Asset pricing in developed and emerging markets:a survey |
| title | Asset pricing in developed and emerging markets:a survey |
| title_full | Asset pricing in developed and emerging markets:a survey |
| title_fullStr | Asset pricing in developed and emerging markets:a survey |
| title_full_unstemmed | Asset pricing in developed and emerging markets:a survey |
| title_short | Asset pricing in developed and emerging markets:a survey |
| title_sort | asset pricing in developed and emerging markets:a survey |
| topic | HG4501 Stocks, investment, speculation |
| url | http://irep.iium.edu.my/55105/ http://irep.iium.edu.my/55105/ http://irep.iium.edu.my/55105/1/Hakim%20and%20Mohamad%20%282016%29%20SH.pdf |