2003•Journal of Gansu SciencesRequires access

BETA PRICING THEORY AND EMPIRICAL TESTS

Bing Yang

Abstract

The Capital Asset Pricing problem is important for financial economyThe Beta pricing theory and empirical test are considered here By studying Beta pricing efficiency of some stocks prices of Chinese Security Market, we discovered that there are existed linear relations between the return of stock and its Beta value But Beta pricing theory is not completely fit in Chinese Security Market

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Key concepts: Capital asset pricing model, Investment theory, Financial economics, Security market line, Arbitrage pricing theory, Consumption-based capital asset pricing model, Economics, BETA (programming language)