Afolabi, G. T. and Njogo, Bibiana and Isibor, Areghan Akhanolu and Olugbenle, A. H. and Olusesi, H. O. (2017) Capital asset pricing model: Evidence from the Nigerian stock exchange. International Journal of English Literature and Social Sciences, 2 (6). pp. 155-160.
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Abstract
This paper critically examines the effect of capital asset pricing model (CAPM) for the Nigerian stock exchange using monthly stock values of 20 listed firms for the period of ten years (January 2006- December 2015) covering the periods and the aftermath of the 2008/2009 global economic crisis. In order to enhance the precision of the beta estimates and reduce the statistical problems that arise from measurement errors in individual beta estimates, the securities were combined into portfolios. This study employed simple ordinary least square (OLS) regression technique and found no conclusive evidence for the application of capital asset pricing model (CAPM) in the Nigerian Stock Exchange.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Management |
| Depositing User: | Dr. Tolulope Adesina (Oladeji) |
| Date Deposited: | 26 Jun 2021 06:14 |
| Last Modified: | 26 Jun 2021 06:14 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/14969 |
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