An Empirical Comparison between CAPM and D-CAPM in A Malaysian Context
The purpose of this study is to conduct an empirical test on the D-CAPM of Estrada (2002) alongside the traditional CAPM. This is because the variance measure has been severely criticized and researchers are turning to downside risk measures for possible alternatives. The D-CAPM has been suggested t...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2011
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| Online Access: | https://eprints.nottingham.ac.uk/24977/ |