Capital Asset Pricing Model and Stock Prices: A case of Public Sector Banks and Public Sector Financial Institutions in India - Couverture souple

Sharma Ch., Deepak; Avadhanam, Pawan Kumar; Mishra, R.K.

Couverture souple

ISBN 10 : 3848401444 ISBN 13 : 9783848401444

Editeur : LAP Lambert Academic Publishing, 2012

Synopsis

The CAPM model which was developed by Sharpe (1964), Lintner (1965), and Black (1972) was largely supported by Black, Jensen and Scholes (1972), Fama and Macbeth (1973) and Blume and Friend (1973). Later this method was questioned on various grounds. Our book mainly focuses on the estimation of 19 PSBs and PSFIs returns for the period of 1998-2010 using the CAPM frame work. Further this paper compares the CAPM returns with that of the Annual Market Returns (AMR). We have selected these PSBs and PSFs on the basis of the companies quoted in the BSE stock Exchange in India for the period 1998-2010. The study states that most of the companies scrips are undervalued and have not rewarded the investors properly.

A propos du livre

À propos de l?auteur

Deepak Sharma Ch, is currently working as a Credit Manager with HDFC Bank.He has done his M.B.A (Finance)from the Institute of Public Enterprise, Hyderabad, India. Dr. Pawan Kumar Avadhanam is Asst. Professor (Finance),Institute of Public Enterprise Hyderabad,India. Prof.R.K. Mishra is the Director, Institute of Public Enterprise, Hyderabad, India.

Détails de l'édition

• Éditeur: LAP Lambert Academic Publishing
• Date d'édition: 2012
• Langue: anglais
• ISBN 10: 3848401444
• ISBN 13: 9783848401444
• Reliure: Broché
• Nombre de pages: 64
• Coordonnées du fabricant: non disponible
• Personne responsable: KreGa Onlinehandel GmbH; 4950000000000; info@krega-onlinehandel.de; ; Birkenweg 31; Brakel; 33034; Allemagne