Volume : IV, Issue : XII, January - 2015 AN EMPIRICAL STUDY ON ARBITRAGE PRICING THEORY IN INDIAN CAPITAL MARKETS![](ArticleImage/5872.jpg) S. Durga, M. Srinivasa Reddy By : Laxmi Book Publication Abstract : A substitute and synchronal theory to the CAPM is one that includes multiple factors in explaining the
movement of plus costs. The arbitrage rating model (APT) on the other hand approaches rating from a special
facet. it's seldom productive to analyse portfolio risks by assessing the weighted total of its parts. Equity
portfolios square measure way more diverse and tremendously giant for separate element assessment, and
therefore the correlation existing between the weather would build a calculation per se untrue. Rather, the
portfolio’s risk should be viewed as one product’s innate risk. The APT represents portfolio risk by an element
model that's linear, wherever returns square measure a total of risk issue returns. Factors might vary from
macroeconomic to elementary market indices weighted by sensitivities to changes in every factor. These
sensitivities square measure known as factor-specific beta coefficients or a lot of unremarkably, factor loadings.
additionally, the firm-specific or individual come back is intercalary as a noise issue. This last part, as is that the
case with all political economy models, is indispensable in explaining regardless of the original factors didn't
embrace. In distinction with the CAPM, this can be not associate equilibrium model; it is not involved with the
economical portfolio of the capitalist. Rather, the APT model calculates asset rating exploitation the various
factors and assumes that within the case market rating deviates from the worth urged by the model, arbitrageurs
can build use of the imbalance and veer pricing back to equilibrium levels. At its simplest kind, the arbitrage
rating model will have one issue solely, the market portfolio issue. this kind can provide similar results to the
CAPM. The present study stress on the pertinence of APT in Indian Stock Markets because the surge in volatility
associated growth within the Indian capital markets over the past few years makes it an interesting market to
check and given the rising significance of the risk-return trade-off in such a market Keywords : Article : Cite This Article : S. Durga, M. Srinivasa Reddy(2015). AN EMPIRICAL STUDY ON ARBITRAGE PRICING THEORY IN INDIAN CAPITAL MARKETS. Indian Streams Research Journal, Vol. IV, Issue. XII, http://isrj.org/UploadedData/5872.pdf References : - Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Finance, Vol 35, No .5, 1073-1103.
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- 341-360.
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Finance, Vol 35, No .5, 1073-1103.
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- 341-360.
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- 341-360.
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- 341-360.
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- 341-360.
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Finance, Vol 35, No .5, 1073-1103.
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- January–March 2013, pp. 35-54
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Finance, Vol 35, No .5, 1073-1103.
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- 341-360.
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- 341-360.
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- 341-360.
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Finance, Vol 35, No .5, 1073-1103.
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Finance, Vol 35, No .5, 1073-1103.
- Finance, Vol 35, No .5, 1073-1103.
- Finance, Vol 35, No .5, 1073-1103.
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Finance, Vol 35, No .5, 1073-1103.
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Finance, Vol 35, No .5, 1073-1103.
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- 341-360.
- Finance, Vol 35, No .5, 1073-1103.
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- 341-360.
- Finance, Vol 35, No .5, 1073-1103.
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Finance, Vol 35, No .5, 1073-1103.
- 341-360.
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- 341-360.
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- 341-360.
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- 341-360.
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- 341-360.
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- 341-360.
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- Risks and Return.
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Finance, Vol 35, No .5, 1073-1103.
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- January–March 2013, pp. 35-54
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Vol 48, No.4,
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Risks and Return.
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Finance, Vol 35, No .5, 1073-1103.
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Finance, Vol 35, No .5, 1073-1103.
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Finance, Vol 35, No .5, 1073-1103.
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- 341-360.
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- 341-360.
- Finance, Vol 35, No .5, 1073-1103.
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Finance, Vol 35, No .5, 1073-1103.
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Vol 48, No.4,
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Finance, Vol 35, No .5, 1073-1103.
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- 341-360.
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- Saumya Ranjan Dash Jitendra Mahakud (2013), A Comparative Assessment of Unconditional Multifactor Assetpricing
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Finance, Vol 35, No .5, 1073-1103.
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Finance, Vol 35, No .5, 1073-1103.
- Risks and Return.
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Finance, Vol 35, No .5, 1073-1103.
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- January–March 2013, pp. 35-54
- Simon G. M. Koo and Ashley Olson ( 2008), Capital Asset Pricing Model Revisited: Empirical Studies on Beta
- Vol 48, No.4,
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Models Evidence from Indian Stock Market, Journal of Management Research Vol. 13, No. 1,
- Richard Roll and Stephen Ross ( 1980), An empirical Investigation of Arbitrage Peicing Theory, The Journal of
- Risks and Return.
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Stephen A.Ross (1976), The Arbitrage theory of Capital Asset Pricing, Journal of Economic Theory, Vol 13, pp
- Risks and Return.
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Richard Priestly (1995), The Arbitrage Pricing Theory, macro economic and financial factors and expectations
- Finance, Vol 35, No .5, 1073-1103.
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Raj S. Dhankar, And Rohini Singh (2005), Arbitrage Pricing Theory And The Capital Asset Pricing Model
- Evidence From The Indian Stock market, Journal of Financial Management and Analysis, 18(I):2005:14-27
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Ravi Bansal, S. Viswanathan, ( 1993), No arbitrage and Arbitrage Pricing: A new approach, Journal of Finance,
- Richard Roll ( 1977), A critique of asset pricing theory, Journal of Financial Economics, Vol 4.
- generating process, Journal of Banking and Finance , vol 20 , pp 869-890.
- Finance, Vol 35, No .5, 1073-1103.
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
- Sou Paulo ( 2011), arbitrage pricing in international markets, ‘EFM classification code : 310
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