haku: @indexterm ARBITRAGE PRICING THEORY / yhteensä: 66
viite: 18 / 66
Tekijä: | Cheng, A. |
Otsikko: | The UK stock market and economic factors: a new approach |
Lehti: | Journal of Business Finance and Accounting
1995 : JAN, VOL. 22:1, p. 129-142 |
Asiasana: | ARBITRAGE PRICING THEORY UNITED KINGDOM ACCOUNTING |
Kieli: | eng |
Tiivistelmä: | This paper explores the relationship between stock returns and economic factors using U.K. data and canonical correlation methods. It is found that while security returns are significantly influenced by a number of systematic economic forces, the market return remains the dominant factor and plays a major role in the APT for the U.K. security market. The market factor alone appears to incorporate most of the information contained in the underlying multiple factors. |
SCIMA