Kurach, Radoslaw - In: Contemporary economics 7 (2013) 2, pp. 55-66
this study, we examine Capital Asset Pricing Model (CAPM) in its international context (ICAPM) using the monthly equity …’s perspective. We verify the beta-return trade-off employing two approaches: the unconditional trade-off and the conditional … relationship. In this latter case, we find the country beta to be a significant variable explaining the cross-country variation of …
