Market Varying Conditional Risk-Return Relationship
Unlike previous studies conducted on Pakistan, this article attempts to test the validity of conditional relationship between beta and cross-sectional returns of individual securities listed in Karachi Stock Exchange (KSE), wherein the up and down market periods are separated. The risk-return relati...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Applied Economics Research Centre, University of Karachi
2015-06-01
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| Series: | Pakistan Journal of Applied Economics |
| Online Access: | http://aerc.edu.pk/wp-content/uploads/2016/10/Article_51Paper-583-II-Nida-Shah.pdf |