Test of arbitrage pricing theory on the Tehran stock exchange: the case of a shariah-compliant close economy

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Test of arbitrage pricing theory on the Tehran stock exchange: the case of a shariah-compliant close economy

This paper provides weak evidence in support for the application of Arbitrage Pricing Theory (APT) on the Iranian stock market in the Sharia is the sacred law of Islam faith.) based close economy. Tests conducted using the principal component analysis and canonical correlation model showed that at l...

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Bibliographic Details
Main Authors:	Sabetfar, Pooya, Cheng, Fan Fah, Ramadilli Mohd, Shamsher Mohamad, Amin Noordin, Bany Ariffin
Format:	Article
Language:	English
Published:	Canadian Center of Science and Education 2011
Online Access:	http://psasir.upm.edu.my/id/eprint/22625/ http://psasir.upm.edu.my/id/eprint/22625/1/22625.pdf

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