In this study, variance changing to the scale and multi-scale Capital Asset Pricing Model (CAPM) is tested by Wavelets as a new analysis method in finance and economics. It introduces a new approach to the variance changing to the scale as a general risk indicator, and to multi-scale CAPM...

In this study, variance changing to the scale and multi-scale Capital Asset Pricing Model (CAPM) is tested by Wavelets as a new analysis method in finance and economics. It introduces a new approach to the variance changing to the scale as a general risk indicator, and to multi-scale CAPM...

This paper examines the weak form efficiency in the Istanbul Stock Exchange in the period between 1987 and 1998 by using daily ISE National 100 Index. Unlike previous empirical papers, it employs different methodologies to take account the effects of thin trading, non-linear behaviour in stock...