Downside CAPM: The case of South Africa
Beta and the capital asset pricing model have traditionally been the preferred measures of risk. However, there is growing literature against the use of the capital asset pricing model to determine the cost of equity in markets, such as emerging markets, where investors display mean-semivariance beh...
| Published in: | Journal of Economic and Financial Sciences |
|---|---|
| Main Authors: | , |
| Format: | Article |
| Language: | English |
| Published: |
AOSIS
2016-08-01
|
| Subjects: | |
| Online Access: | https://jefjournal.org.za/index.php/jef/article/view/60 |