Test of arbitrage pricing theory on the Tehran stock exchange: the case of a shariah-compliant close economy
This paper provides weak evidence in support for the application of Arbitrage Pricing Theory (APT) on the Iranian stock market in the Sharia is the sacred law of Islam faith.) based close economy. Tests conducted using the principal component analysis and canonical correlation model showed that at l...
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| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Canadian Center of Science and Education
2011
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| Online Access: | http://psasir.upm.edu.my/id/eprint/22625/1/22625.pdf http://psasir.upm.edu.my/id/eprint/22625/ http://ccsenet.org/journal/index.php/ijef/article/view/11389 |
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