The Myth of Downside Risk Based Capital Asset Pricing Model: Empirical Evidence from South Asian Countries
The study aims to empirically investigate the applicability of the downside risk
based Capital Asset Pricing Model (CAPM) for four south Asian countries e.g.
Bangladesh, India, Pakistan and Sri Lanka. Fama-MacBeth methodology is
used for monthly data from January 2007 to December 2017. The results
partially supported the predictors of the model for all the four equity markets
and can be concl ...Read More
1-Syed Aziz Rasool PhD Scholar, Department of Economics, Federal Urdu University of Arts, Science and Technology, Islamabad, Pakistan.2-Adiqa Kausar Kiani Associate Professor, Department of Economics, Federal Urdu University of Arts, Science & Technology, Islamabad. Pakistan.3-Noor Jehan Assistant Professor, Department of Economics, Abdul Wali Khan University Mardan, Mardan, KP, Pakistan.