Empirical Test of the Arbitrage Pricing Theory Based on the Downside Risk(D-APT) in the Tehran Stock Exchange
Extended Abstract Arbitrage pricing theory presented by Ross is based on theory of the absence of arbitrage opportunities in financial market and its main condition is the existence of a linear relationship between the actual return and a set of common factors, In this model, asset pricing is based...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
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University of Sistan and Baluchestan
2017-02-01
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| Series: | پژوهشهای مدیریت عمومی |
| Subjects: | |
| Online Access: | https://jmr.usb.ac.ir/article_3111_a3cdc78b4dfae7f58015e1a962b4b205.pdf |