The explanatory power of the market model: an international comparison |
| |
| Authors: | John M. Parkinson |
| |
| Affiliation: | Department of Administrative Studies , Atkinson College, York University , Ontario , Canada |
| |
| Abstract: | The various published studies of the market model and the capital asset pricing model are examined, with the objective of seeing if any pattern emerges in terms of its explanatory power (r 2), and the various circumstances specific to each study. Several factors are identified as being associated with high values of r 2in these studies. |
| |
| Keywords: | |
|
|
