DocumentCode
2045997
Title
The CAPM Applicability Study on Chinese Stock Markets
Author
Zhang, Ping ; Chen, Fuzhong
Author_Institution
Sch. of Bus. Adm., Zhongnan Univ. of Econ. & Law, Wuhan
fYear
2009
fDate
23-24 May 2009
Firstpage
1
Lastpage
4
Abstract
The Capital Asset Pricing Theory is hotly discussed with the development of China´s capital market. For the study range in 2007, 65 stocks were chosen with certain rules to do an empirical research of the Capital Asset Pricing Model (CAPM) applicability in Chinese stock markets. The study found that, from the perspectives of constant and beta coefficient significant as well as the explanatory power regression equation, CAPM is applied to the Chinese stock markets with China´s high stock market in 2007.
Keywords
pricing; regression analysis; stock markets; China capital market; Chinese stock markets; capital asset pricing theory; power regression equation; Cities and towns; Equations; Finance; Portfolios; Power generation economics; Pricing; Security; Statistics; Stock markets; Testing;
fLanguage
English
Publisher
ieee
Conference_Titel
Intelligent Systems and Applications, 2009. ISA 2009. International Workshop on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-3893-8
Electronic_ISBN
978-1-4244-3894-5
Type
conf
DOI
10.1109/IWISA.2009.5073172
Filename
5073172
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