COMPARATIVE EXPLANATION OF CLASSIC AND BEHAVIORAL CAPITAL ASSET PACING MODEL IN IRAN CAPITAL MARKET

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

HOUSHMAND NEGHABI Z.; VAKILIFARD HAMIDREZA; KHALILI ARAGHI M.; TALEBNIA GHODRATOLLAH

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Financial Economics Year:2018 | Volume:11 | Issue:41 Page(s): 85-122

Download Full-Text

Persian Verion

View:

1,305

Download:

Cites:

Information Journal Paper

Title

COMPARATIVE EXPLANATION OF CLASSIC AND BEHAVIORAL CAPITAL ASSET PACING MODEL IN IRAN CAPITAL MARKET

Author(s)

HOUSHMAND NEGHABI Z. | VAKILIFARD HAMIDREZA | KHALILI ARAGHI M. | TALEBNIA GHODRATOLLAH | Issue Writer Certificate

Keywords

BEHAVIORAL AND CLASSIC CAPITAL ASSET PRICING MODEL; IRANIAN CAPITAL MARKETQ1

Abstract

The research is mainly aimed at comparative explanation behavioral and classic capital assets pricing models of in Iran capital market. Statistical population of the research includes companies enlisted in Tehran Stock Exchange; and, statistical sample concerns time domain of 2016. In this descriptive-applied research, data have been collected via library and field methods. To test the hypotheses, multivariate regression model has been used. Research findings show that pricing models of classic capital asset in Iranian capital market is of higher explanation power, compared to those of behavioral capital asset. That is, standard capital asset pricing model (CAPM) has highest explanation power (almost 66.89%), and extrapolating capital asset pricing model (XCAPM) among behavioral models has lowest explanation power (almost 41.48%). In second place, reductive-undesirable capital asset pricing model (D-CAPM) is of highest explanation power (almost 61.81%) and behavioral capital asset (BAP) pricing has lowest explanation power (about 43.16%). Then in third place, adjusted capital asset pricing model (A-CAMP), intertemporal capital asset pricing model (I-CAMP), revised capital asset pricing model (R-CAPM), and consumption capital asset pricing model (C-CAPM) respectively have highest explanation powers equal to 59.49, 48.64, 52.10, and 49.94%.Also, behavioral capital asset pricing model (BAP) has lowest explanation power (almost 43.16), among behavioral models.

Cites

No record.

References

No record.

Cite

APA: Copy

HOUSHMAND NEGHABI, Z., VAKILIFARD, HAMIDREZA, KHALILI ARAGHI, M., & TALEBNIA, GHODRATOLLAH. (2018). COMPARATIVE EXPLANATION OF CLASSIC AND BEHAVIORAL CAPITAL ASSET PACING MODEL IN IRAN CAPITAL MARKET. JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), 11(41 ), 85-122. SID. https://sid.ir/paper/229148/en

Vancouver: Copy

HOUSHMAND NEGHABI Z., VAKILIFARD HAMIDREZA, KHALILI ARAGHI M., TALEBNIA GHODRATOLLAH. COMPARATIVE EXPLANATION OF CLASSIC AND BEHAVIORAL CAPITAL ASSET PACING MODEL IN IRAN CAPITAL MARKET. JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT)[Internet]. 2018;11(41 ):85-122. Available from: https://sid.ir/paper/229148/en

IEEE: Copy

Z. HOUSHMAND NEGHABI, HAMIDREZA VAKILIFARD, M. KHALILI ARAGHI, and GHODRATOLLAH TALEBNIA, “COMPARATIVE EXPLANATION OF CLASSIC AND BEHAVIORAL CAPITAL ASSET PACING MODEL IN IRAN CAPITAL MARKET,” JOURNAL OF FINANCIAL ECONOMICS (FINANCIAL ECONOMICS AND DEVELOPMENT), vol. 11, no. 41 , pp. 85–122, 2018, [Online]. Available: https://sid.ir/paper/229148/en

Related Journal Papers