The theme of this study is to examine the role of liquidity via approaching various asset pricing models in the Pakistan equity market. The liquidity of the firm is measured by the share turnover. This study follows Fama and French (1993) three factors approach to construct three factors i.e....

The study inspects the size and liquidity pattern in Pakistan equity market. Sample size contains 278 non-financial firm's monthly data listed on Pakistan Stock Exchange (PSX) from 2001 to 2012. This study uses three asset pricing models (eq.5), (eq.6) and (eq.7). Four factors asset pricing...

The study evaluates the relationship of Pakistan Stock Exchange 1 (PSX) with progressing and well-established equity markets from 1997 to 2014. The Johansen's multivariate cointegration tests i.e. maximum eigenvalue & trace statistics proposes three co-integrating vectors at 5% critical values...

Risk and returns relationship is not similar in emerging and developed stock markets. Moreover, due to reasons such as family ownership, lesser trading volume, and smaller capital market, investors in Pakistan are not sufficiently diversified. Therefore, it is argued that both idiosyncratic and...