Chawla, Deepak - In: Vision 7 (2003) 2, pp. 57-77
This paper examines the influence of bull and bear markets on the stability of alpha and beta for the single index market model. The data for the study is collected for the period March 01, 1996 to March 31, 2001. The data pertains to the adjusted daily closing prices of 74 scrips that form a...