Empirical Evidence on the Validity of the Conditional Higher Moment Capm in the Bombay Stock Exchange
Akash Asthana, Syed Shafi Ahmed & Anjana Tiwari · Journal of Economics, Management and Trade · 2024
Various researchers criticized the assumption of a normal distribution of returns in the traditional Capital Asset Pricing Model (CAPM), leading to the recognition of the non-normal distribution of returns and the mean and variance were insufficient to characterize the distributi...
Open access
Research Article
10.9734/jemt/2024/v30i41203