 หัวเรื่อง:ไม่มีชื่อไทย (ชื่ออังกฤษ : A Test of Conditional CAPM Preliminary Findings for the Thai Capital Market.) ผู้เขียน: Anya Khanthavit, Angkarat Priebjrivat สื่อสิ่งพิมพ์:pdf Abstract The study employs five Thai securities to test the conditional capital asset pricing model which allows expected returns to be time-varying but constrains market betas to be constant. It finds weak evidence against the proportionality restrictions implied by the model. But the zero-intercept conditions are strongly rejected. |
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