Research on capital asset pricing model empirical in China market

被引：0
|
作者：
Dai, Jianhua [1 ]
Hu, Jian [1 ]
Lan, Songmin [1 ]
机构：
[1] School of Economics and Management, Communication University of China, Beijing, China
来源：
Journal of Chemical and Pharmaceutical Research | 2014年 / 6卷 / 06期
关键词：
Commerce;
D O I：
暂无
中图分类号：
F [经济]; C [社会科学总论];
学科分类号：
02 ; 03 ; 0303 ;
摘要：
The main purpose of the paper is to conduct a study of CAPM in China’s Stock markets. Stocks data and combined data of Shanghai Stock Exchange were selected as research subjects in this paper. Empirical analysis of these data has been carried out by way of t-statistics and joint test to verify whether CAPM model would be true of China’s stock market. Conclusion was reached that CAPM model is essential in China's stock market. Thus, CAPM model can be applied in empirical analysis and theoretical study on the market as to promote the development of China's stock market. © 2014, Journal of Chemical and Pharmaceutical Research. All rights reserved.
引用
收藏
页码：431 / 436
相关论文
共 50 条
  • [1] Capital Asset Pricing Model and Empirical Research
    Zhu, Jing
    Wang, Beiqi
    [J]. 2013 3RD INTERNATIONAL CONFERENCE ON SOCIAL SCIENCES AND SOCIETY (ICSSS 2013), PT 3, 2013, 34 : 287 - 291
  • [2] A　Research　of　China　Stock　Market　by　Capital-Asset　Pricing　Model
    ZHAN Yuanrui LU Lining Management Institute Tianjin University
    [J]. Journal of Systems Science and Systems Engineering, 1997, (03) : 51 - 55
  • [3] European capital market integration: An empirical study based on a European asset pricing model
    Morelli, David
    [J]. JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY, 2010, 20 (04): : 363 - 375
  • [4] An Empirical Testing of Capital Asset Pricing Model in India
    Bajpai, Shweta
    Sharma, Anil K.
    [J]. OPERATIONS MANAGEMENT IN DIGITAL ECONOMY, 2015, 189 : 259 - 265
  • [5] Market demand functions in the capital asset pricing model
    Bottazzi, JM
    Hens, T
    Loffler, A
    [J]. JOURNAL OF ECONOMIC THEORY, 1998, 79 (02) : 192 - 206
  • [6] THE MARKET MODEL AND CAPITAL-ASSET PRICING THEORY - A NOTE
    STAPLETON, RC
    SUBRAHMANYAM, MG
    [J]. JOURNAL OF FINANCE, 1983, 38 (05): : 1637 - 1642
  • [7] Market equilibrium in the capital asset pricing model: Heterogeneous expectations
    Won, Dong-Chul
    Chay, Jong-Bom
    [J]. ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, 2006, 35 (01) : 41 - 67
  • [8] An analysis of the capital asset pricing model in the Egyptian stock market
    Omran, M. F.
    [J]. QUARTERLY REVIEW OF ECONOMICS AND FINANCE, 2007, 46 (05): : 801 - 812
  • [9] The capital asset pricing model
    Perold, AF
    [J]. JOURNAL OF ECONOMIC PERSPECTIVES, 2004, 18 (03): : 3 - 24
  • [10] Empirical tests on the liquidity-adjusted capital asset pricing model
    Van Vu
    Chai, Daniel
    Viet Do
    [J]. PACIFIC-BASIN FINANCE JOURNAL, 2015, 35 : 73 - 89
12345