Testing the CAPM and the APT: Evidence from the UK Stock Market
Asset pricing is a very important issue in the financial field. A variety of models can be applied for such issue. This paper focuses on both the Capital Asset Pricing Model (CAPM) and the Arbitrage Pricing Theory (APT). The two-pass regression is used for the empirical tests. In the CAPM test, the...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2010
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| Online Access: | https://eprints.nottingham.ac.uk/23919/ |