Capital Asset Pricing Model and Stock Prices: A case of Public Sector Banks and Public Sector Financial Institutions in India - Brossura

Sharma Ch., Deepak; Avadhanam, Pawan Kumar; Mishra, R.K.

Brossura

ISBN 10: 3848401444 ISBN 13: 9783848401444

Casa editrice: LAP LAMBERT Academic Publishing, 2012

Riassunto

The CAPM model which was developed by Sharpe (1964), Lintner (1965), and Black (1972) was largely supported by Black, Jensen and Scholes (1972), Fama and Macbeth (1973) and Blume and Friend (1973). Later this method was questioned on various grounds. Our book mainly focuses on the estimation of 19 PSBs and PSFIs returns for the period of 1998-2010 using the CAPM frame work. Further this paper compares the CAPM returns with that of the Annual Market Returns (AMR). We have selected these PSBs and PSFs on the basis of the companies quoted in the BSE stock Exchange in India for the period 1998-2010. The study states that most of the companies scrips are undervalued and have not rewarded the investors properly.

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Informazioni sull?autore

Deepak Sharma Ch, is currently working as a Credit Manager with HDFC Bank.He has done his M.B.A (Finance)from the Institute of Public Enterprise, Hyderabad, India. Dr. Pawan Kumar Avadhanam is Asst. Professor (Finance),Institute of Public Enterprise Hyderabad,India. Prof.R.K. Mishra is the Director, Institute of Public Enterprise, Hyderabad, India.

Dettagli dell'edizione

• Editore: LAP LAMBERT Academic Publishing
• Data di pubblicazione: 2012
• Lingua: Inglese
• ISBN 10: 3848401444
• ISBN 13: 9783848401444
• Rilegatura: Copertina flessibile
• Numero di pagine: 64
• Contatto del produttore: non disponibile
• Persona responsabile: KreGa Onlinehandel GmbH; 4950000000000; info@krega-onlinehandel.de; ; Birkenweg 31; Brakel; 33034; Germania