Asset pricing in developed and emerging markets:a survey

Asset pricing theory states that investors should be rewarded for the risks that are associated with the state variables, in addition to market risks, which affect their investment opportunity sets. The state variables, however, are latent variables that vary (a) within developed markets (which cons...

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Main Authors:	Mohamad, Azhar, Hakim, Shabir Ahmad
Format:	Article
Language:	English
Published:	Penerbit UTM Press 2016
Subjects:	HG4501 Stocks, investment, speculation
Online Access:	http://irep.iium.edu.my/55105/ http://irep.iium.edu.my/55105/ http://irep.iium.edu.my/55105/1/Hakim%20and%20Mohamad%20%282016%29%20SH.pdf

id	iium-55105
recordtype	eprints
spelling	iium-551052017-02-01T06:21:15Z http://irep.iium.edu.my/55105/ Asset pricing in developed and emerging markets:a survey Mohamad, Azhar Hakim, Shabir Ahmad HG4501 Stocks, investment, speculation Asset pricing theory states that investors should be rewarded for the risks that are associated with the state variables, in addition to market risks, which affect their investment opportunity sets. The state variables, however, are latent variables that vary (a) within developed markets (which consist of segmented and international markets); (b) between developed and emerging markets. In this paper, we provide an evaluation of the development of asset pricing theory and an identification of factors that are pervasive and priced in both developed and emerging markets. This survey of the literature suggests there is a need for distinctive asset pricing models that consider the unique characteristics of both markets. Penerbit UTM Press 2016-08 Article PeerReviewed application/pdf en http://irep.iium.edu.my/55105/1/Hakim%20and%20Mohamad%20%282016%29%20SH.pdf Mohamad, Azhar and Hakim, Shabir Ahmad (2016) Asset pricing in developed and emerging markets:a survey. Sains Humanika, 8 (3). pp. 47-64. ISSN 2289-6996 http://www.sainshumanika.utm.my/index.php/sainshumanika/article/view/875
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG4501 Stocks, investment, speculation
spellingShingle	HG4501 Stocks, investment, speculation Mohamad, Azhar Hakim, Shabir Ahmad Asset pricing in developed and emerging markets:a survey
description	Asset pricing theory states that investors should be rewarded for the risks that are associated with the state variables, in addition to market risks, which affect their investment opportunity sets. The state variables, however, are latent variables that vary (a) within developed markets (which consist of segmented and international markets); (b) between developed and emerging markets. In this paper, we provide an evaluation of the development of asset pricing theory and an identification of factors that are pervasive and priced in both developed and emerging markets. This survey of the literature suggests there is a need for distinctive asset pricing models that consider the unique characteristics of both markets.
format	Article
author	Mohamad, Azhar Hakim, Shabir Ahmad
author_facet	Mohamad, Azhar Hakim, Shabir Ahmad
author_sort	Mohamad, Azhar
title	Asset pricing in developed and emerging markets:a survey
title_short	Asset pricing in developed and emerging markets:a survey
title_full	Asset pricing in developed and emerging markets:a survey
title_fullStr	Asset pricing in developed and emerging markets:a survey
title_full_unstemmed	Asset pricing in developed and emerging markets:a survey
title_sort	asset pricing in developed and emerging markets:a survey
publisher	Penerbit UTM Press
publishDate	2016
url	http://irep.iium.edu.my/55105/ http://irep.iium.edu.my/55105/ http://irep.iium.edu.my/55105/1/Hakim%20and%20Mohamad%20%282016%29%20SH.pdf
first_indexed	2023-09-18T21:17:55Z
last_indexed	2023-09-18T21:17:55Z
_version_	1777411686611812352

Asset pricing in developed and emerging markets:a survey

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