A study on the CAPM and its extensions in perceptive of Pakistani asset management organisations

Q3 Business, Management and Accounting

International Journal of Services Operations and Informatics Pub Date : 2020-08-09 DOI:10.1504/ijsoi.2020.10031193

Saleha Ashfaq, Yong Tang, R. Maqbool

引用次数: 0

Abstract

This paper explains about the capital asset pricing model (CAPM), its capability and its implication in the real-world data. To crave this thirst, we form this study by using the earlier CAPM approaches (Lintner, 1965; Sharpe, 1964) that are also employed by many latest researches. Though there is a lot of literature available on the extensions of the CAPM, still there is no consensus in the literature with respect to what a reasonable proportion of risk is, and therefore, regarding what is an appropriate measure for assessing risk-adjusted performance. Along these lines, the mission for robust asset pricing models proceeds. Owed to this, we chose five asset managing organisations for the Pakistani stock market KSE 100 Index for the time period of 2012 to 2015. We also employed descriptive test and robust test ratio on our selected data. The finding of the research shows a significant result and suggested the good performance of assets management organisations.

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CAPM及其在巴基斯坦资产管理组织认知中的扩展研究

本文介绍了资本资产定价模型（CAPM），它的能力及其在现实数据中的含义。为了渴望这种渴望，我们通过使用早期的CAPM方法（Lintner，1965；Sharpe，1964）形成了这项研究，这些方法也被许多最新的研究所采用。尽管有很多关于CAPM扩展的文献，但文献中仍然没有就合理的风险比例达成共识，因此也没有就评估风险调整绩效的适当措施达成共识。沿着这些路线，稳健的资产定价模型的任务继续进行。为此，我们为2012年至2015年期间的巴基斯坦股市KSE 100指数选择了五家资产管理机构。我们还对所选数据采用了描述性检验和稳健检验比率。研究结果表明，资产管理组织具有良好的绩效。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Services Operations and Informatics Business, Management and Accounting-Management Information Systems

CiteScore

1.60

自引率

0.00%

发文量

期刊介绍： The advances in distributed computing and networks make it possible to link people, heterogeneous service providers and physically isolated services efficiently and cost-effectively. As the economic dynamics and the complexity of service operations continue to increase, it becomes a critical challenge to leverage information technology in achieving world-class quality and productivity in the production and delivery of physical goods and services. The IJSOI, a fully refereed journal, provides the primary forum for both academic and industry researchers and practitioners to propose and foster discussion on state-of-the-art research and development in the areas of service operations and the role of informatics towards improving their efficiency and competitiveness.