Our aim is to identify common risk factors among some pre-determined macroeconomic variables in a way that whether they are presented significant risk premiums in pricing equation that was given above. First we identified number of potential factors explaining returns in Turkish markets as...

This paper aims to determine whether Exchange Rate instability of Pakistan, affects it's imports, Exports, Trade Balances, Foreign Exchange Reserves and GDP of Pakistan or not, and if so then in what direction. We have used pooled data from 1952 to 2010 (on annual basis), indirect exchange rate...

The deliberation in theoretical finance among the Efficient Market Hypothesis (EMH) and the subject of the behavioral finance is of immense interest. from the time when its emerge, the EMH has been the most significant theory which describes the behavior of the diverse agents in the financial...

Financial Equilibrium models have been widely studied in finance literature especially with respect to asset pricing theories. Validity of CAPM and Preference of APT over CAPM has been interest of academia as well as professionals. This research investigates number of potential factors...