The aim of this study is to test whether the portfolio excess return can be explained by independent variables in asset pricing models. Asset pricing model has been used with the Capital Asset Pricing Model and the Fama French Three Factor Pricing Model. In the regression analysis with the time series, there was a positive and significant relationship between the market risk premium and the portfolio excess return in the Capital Asset Pricing Model. In the Fama French Three-Factor Pricing Model, there is a positive and significant relationship between market risk premium and portfolio excess return and between firm size and portfolio excess return.
Yayımlanma Tarihi : 28 Nisan 2020
|APA||KUTLU, M , KALAYCI, Ş . (2020). Alternatif Varlık Fiyatlandırma Modelleri ve Borsa İstanbul'da Uygulama. Celal Bayar Üniversitesi Sosyal Bilimler Dergisi , 18 (Özel Sayı) , 193-206 . DOI: 10.18026/cbayarsos.551301|