Abstract

https://ssrn.com/abstract=2028134
 
 

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A Conditional Capital Asset Pricing Model for Maritime Firms: Empirical Evidence from the Us Stock Market


Oral Erdogan


Piri Reis University

March 23, 2012

10th World Conference on Transportation Research, Istanbul, Turkey, 2004

Abstract:     
This study focuses on the valuation of maritime companies. By using Erdogan’s (1996) modified capital asset pricing approach for maritime firms, Bollerslev’s (1986) General Auto Regressive Conditional Heteroskedasticity Model (GARCH) is adapted along with including the freight market effect in the asset pricing.

Number of Pages in PDF File: 10

Keywords: asset pricing, stock markets, maritime firms, GARCH

JEL Classification: G12, G14, C58, L91


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Date posted: May 31, 2012  

Suggested Citation

Erdogan, Oral, A Conditional Capital Asset Pricing Model for Maritime Firms: Empirical Evidence from the Us Stock Market (March 23, 2012). 10th World Conference on Transportation Research, Istanbul, Turkey, 2004. Available at SSRN: https://ssrn.com/abstract=2028134

Contact Information

Oral Erdogan (Contact Author)
Piri Reis University ( email )
Postane Mahallesi
Tuzla
Istanbul, 34940
Turkey
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