Alternative Capital Asset Pricing Models: A Review of Theory and Evidence

Attiya Yasmeen Javid
Additional contact information
Attiya Yasmeen Javid: Pakistan Institute of Development Economics

No 2000:3, PIDE Research Report from Pakistan Institute of Development Economics

Abstract: The proposition that a well-regulated stock market renders a crucial package of economic services is now widely accepted in financial economics. The various important functions of stock exchange include provisions for liquidity of capital and continuous market for securities from the point of view of investors. From the point of view of economy in general, a healthy stock market has been considered indispensable for economic growth and is expected to contribute to improvement in productivity. More specifically, the indices of stock market operations such as capitalisation, liquidity, asset pricing and turn over help to access whether the national economy is proceeding on sound lines or not. In addition to free and fair-trading the stock market can assure and retain a healthy market participation of investors besides improving national economy.

Pages: 36
Date: 2000
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://file.pide.org.pk/pdfpideresearch/rr-021-al ... ory-and-evidence.pdf First Version, 2000 (application/pdf)

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:pid:rrepot:2000:3

Access Statistics for this paper

More papers in PIDE Research Report from Pakistan Institute of Development Economics Contact information at EDIRC.
Bibliographic data for series maintained by Khurram Iqbal ().