Muzir, Erol; Kizil, Cevdet; Ceylan, Burak - In: Journal of Risk and Financial Management 14 (2021) 3, pp. 1-31
This paper aims to develop some static and conditional (dynamic) models to predict portfolio returns in the Borsa Istanbul (BIST) that are calibrated to combine the capital asset-pricing model (CAPM) and corporate governance quality. In our conditional model proposals, both the traditional CAPM...