Capital Asset Pricing Model Testing at Warsaw Stock Exchange: Are Family Businesses the Remedy for Economic Recessions?

In this article, we test the capital asset pricing model (CAPM) on the Warsaw Stock Exchange (WSE) by measuring the performance of two portfolios composed of construction firms: family-controlled and nonfamily controlled. These portfolios were selected from the WIG-Construction (WIG—Warszawski Indek...

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Bibliographic Details
Main Author: Jacek Lipiec
Format: Article
Language:English
Published: MDPI AG 2014-07-01
Series:International Journal of Financial Studies
Subjects:
Online Access:http://www.mdpi.com/2227-7072/2/3/266