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dc.contributor.author Mobarek, A.
dc.contributor.author Mollah, A.S.
dc.date.accessioned 2011-05-20T12:36:00Z
dc.date.available 2011-05-20T12:36:00Z
dc.date.issued 2005
dc.identifier.citation Mobarek, A. & Mollah, A.S. (2005) The General determinants of share returns: an empirical investigation on the Dhaka Stock Exchange, Review of Pacific Basin Financial Markets and Policies, Vol. 8, No. 4, pp. 593-612 en_US
dc.identifier.issn 0218-4885
dc.identifier.uri http://hdl.handle.net/10311/798
dc.description.abstract The paper investigates the underlying factors that determine share returns on the Dhaka Stock Ex change. The empirical analysis does not support the critical condition of the Capital Asset Pricing Model of a positive relationship between share return and beta. However, it shows that variables such as size, price to book, volume of shares traded, earnings yield and cash flow yield have a significant influence on share returns. The degree and direction of relationship among the variables are similar to other emerging markets, but are not always consistent with developed markets perhaps due to lack of homogeneous expectations regarding risk return characteristics and different market microstructure. en_US
dc.language.iso en en_US
dc.publisher World Scientific, www.worldscientific.com en_US
dc.subject CAPM en_US
dc.subject emerging market en_US
dc.subject Anomalous factors en_US
dc.subject Multi-factor model en_US
dc.title The General determinants of share returns: an empirical investigation on the Dhaka Stock Exchange en_US
dc.type Published Article en_US


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