Coffie, William - In: Afro-Asian Journal of Finance and Accounting 4 (2014) 2, pp. 182-202
securities listed on Casablanca and Johannesburg Stock Exchanges, Morocco and South Africa respectively. Jensen (1968 … Africa, the validity of the model has not previously been addressed in this manner in Morocco and South Africa. The CAPM …This paper examines how well the capital asset pricing model (CAPM) is able to describe the performance of individual …