Lipiec, Jacek - In: International Journal of Financial Studies : open … 2 (2014) 3, pp. 266-279
In this article, we test the capital asset pricing model (CAPM) on the Warsaw Stock Exchange (WSE) by measuring the performance of two portfolios composed of construction firms: family-controlled and nonfamily controlled. These portfolios were selected from the WIG-Construction (WIG-Warszawski...