ISSN: 1998 - 4162

JISR MSSE Journal Contents

Volume 7, Number 1, January 2009


Equity Price Risk and Return: Evidence from the Karachi Stock Exchange
Talha Bin Ali Khan - none, Karachi, Pakistan

Abstract
This paper examines the tradeoff between equity price risk and returns obtained through various approaches. Capital asset pricing model (CAPM) and arbitrage pricing model (APT) are considered to be the fundamental building blocks of the portfolio theory, while these models only provide some intuition to risk but they do not account for the probability of adverse moves in the risk factors. Empirically, we have evidence that beta values tend to be insignificant in terms of a multifactor of BIRR model using APT approach...

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