Results From the CAPM — Capital Asset Pricing Model

  • Manolis G. Kavussanos
  • Stelios N. Marcoulis
Chapter

Abstract

The Capital Asset Pricing Model (CAPM) is employed in this chapter to determine whether the systematic risk of the water transportation industry is different from that of the “average” company in the market, and to consider whether risk has changed over time and also under different market conditions (bull and bear market conditions). The systematic risk is identified to be the appropriate measure of risk and its advantages over the use of total risk are highlighted.

Keywords

Real Estate Systematic Risk Market Risk Capital Asset Price Model Transportation Industry 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media Dordrecht 2001

Authors and Affiliations

  • Manolis G. Kavussanos
    • 1
  • Stelios N. Marcoulis
    • 1
    • 2
  1. 1.City University Business SchoolLondonUK
  2. 2.Laiki InvestmentsCyprus Popular Bank GroupNicosiaCyprus

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