Open AccessAn Empirical Research of the Consumption-based Capital Asset Pricing Model: Evidence from China’s Stock Market
Author(s) -
Wenlai Yang
Publication year - 2021
Publication title -
modern economics and management forum
Language(s) - English
Resource type - Journals
eISSN - 2717-6053
pISSN - 2717-6045
DOI - 10.32629/memf.v2i4.418
Subject(s) - consumption based capital asset pricing model , capital asset pricing model , arbitrage pricing theory , security market line , investment theory , financial economics , capital asset , economics , empirical research , business , stock market , finance , paleontology , philosophy , horse , epistemology , biology
Recently, the Capital Asset Pricing Model has been widely used in the stock market. The traditional Capital Asset Pricing Model has been revised and expanded to the Consumption-based Capital Asset Model. This article does the research in the following ways. Firstly, this article summarizes the Capital Asset Pricing Model and empirical method. Secondly, it analyzes and processes the data worked out of the Capital Asset Pricing Model. Finally, it analyzes the empirical results.