DePeña, Javier; Gil-Alana, Luis A. - School of Economics and Business Administration, … - 2003
In this paper we study the suitability of the CAPM to the Spanish Stock Market Interconnection System (SIBE) for the period 1988-2000, by means of time series and cross-section multivariate tests. Even though there is no enough empirical evidence to reject this model, it is shown that the...