Lower Partial Moment-Capital Asset Pricing Model
Author | : Chyi Lin Lee |
Publisher | : LAP Lambert Academic Publishing |
Total Pages | : 312 |
Release | : 2010 |
ISBN-10 | : 3838353226 |
ISBN-13 | : 9783838353227 |
Rating | : 4/5 (26 Downloads) |
Book excerpt: The Global Financial Crisis has drawn considerable attention from practitioners in which a more accurate pricing model is required. Thus the Lower Partial Moment-Capital Asset Pricing Model (LPM- CAPM) has become increasingly accepted in recent years. This book is the first study to examine the importance of the LPM-CAPM (or downside beta) in Australian Listed Property Trusts. It is a unique and timely book by combining descriptive materials and extensive empirical evidence to demonstrate the LPM-CAPM model. Four major parts have been covered in this book to: Examine the theoretical superiorities of the LPM- CAPM. Demonstrate the applications of the model with empirical evidence. Explain the significance of the model with a comprehensive survey of property fund managers. Review global REITs."