Systematic Risk on Istanbul Stock Exchange: Traditional Beta Coefficient Versus Downside Beta Coefficient
The aim of this study is to test the validity of Downside Capital Asset Pricing Model (D-CAPM) on the ISE. At the same time, the explanatory power of CAPM's traditional beta and D-CAPM's downside beta on the changes in the average return values are examined comparatively. In this context,...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Isarder
2013-03-01
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| Series: | İşletme Araştırmaları Dergisi |
| Subjects: | |
| Online Access: | http://www.isarder.org/isardercom/2013vol5issue1/vol5_issue1_article011full_text.PDF |