Asset Pricing in the Australian Industrial Equity Market: Comment

R. E. Graham, L. W. Johnson and J. Schnabel
Additional contact information
R. E. Graham: The Hew South Wales Institute of Technology.
L. W. Johnson: Macquarie University.
J. Schnabel: The Hew South Wales Institute of Technology.

Australian Journal of Management, 1977, vol. 2, issue 2, 191-194

Abstract: Collinearity in the data set used by Ball, Brown and Officer, in their study of the asset pricing model in the Australian equity market, virtually guarantees the results that they obtain. This applies to their tests of the linearity of risk-return relationships and to their tests of the effects of securities' variances.

Keywords: ASSET-PRICING; COLLINEARITY; MEAN-VARIANCE MODEL; STOCK MARKET PRICES (search for similar items in EconPapers)
Date: 1977
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/031289627700200208 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:2:y:1977:i:2:p:191-194

DOI: 10.1177/031289627700200208

Access Statistics for this article

More articles in Australian Journal of Management from Australian School of Business
Bibliographic data for series maintained by SAGE Publications ().