This paper examines the applicability of CAPM in explaining the risk-return relation in the Malaysian stock market for … standard CAPM model with constant beta (Model I), the standard CAPM model with time-varying beta (Model II), the CAPM model … conditional on segregating positive and negative market risk premiums with constant beta (Model III), as well as the CAPM model …

prices, the outcome from investment decisions, with all the information available to economic agents in their rational …

individual companies, focusing on the implications for both researchers and investment practitioners. I develop inflation … companies. I find that inflation-based investment strategies conditioned on information available to investors as of the initial … investment and rebalancing dates result in significant risk-adjusted returns. I also investigate the sources of abnormal returns …

This paper reports the findings of Granger causality tests on the relationship between foreign direct investment … local financial market development is important in catalyzing the flow of foreign direct investment. findings results are …

This paper shows that (i) project valuation via disequilibrium NPV+CAPM contradicts valuation via arbitrage pricing …, (ii) standard CAPM-minded decision makers may fail to profit from arbitrage opportunities, (iii) standard CAPM …-based valuation violates value additivity. As a consequence, the standard use of CAPM for project valuation and decision making should …