Padrón, Yaiza García; Boza, Juan García - In: Revista de Administración, Finanzas y Economía … 1 (2007) 1, pp. 63-83
The main purpose of this paper is to analyse if the Capital Asset Pricing Model and a two-factor model (model extended with the size factor) can efficiently explain the variability of the returns on the Personal Pension Plans in Spain over 1995-2003. We analyse the sample of two ways: set of...