This paper contributes to the debate on the link between speculation and price volatility in two ways. First, a simple … CAPM model is used to derive the demand for commodity futures contracts by institutional investors, and this derived demand … contract for rice in 1994. The theoretical and empirical analysis both demonstrate that speculation results in a first order …

emerged part of deeper economic difficulties. Indeed, the control of property speculation seems very risky for the Chinese … economy because this speculation reflects both the financial difficulties of the local authorities as well as more serious …

This study investigates the validity and acceptability of capital asset pricing model (CAPM) in four different stock …. Results confirm that CAPM accurately predict the expected returns of both short and long-term investments in Asian markets. It …