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Journals / Finans Politik ve Ekonomik Yorumlar Dergisi / 2012 / Cilt: 49 - Sayı: 563

Arbitrage pricing theory (APT) and testing the validity of arbitrage pricing theory at ISE

Arbitraj fiyatlama teorisi (APT) ve arbitraj fiyatlama teorisinin İMKB’de geçerliliğinin test edilmesi

Samet GÜNAY
Pages
59–72
DOI
—
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

When the incompletenesses of factor analyze mentioned considered, it is concluded that APT is valid at ISE in the examined time period.

📌 3 Key Takeaways

🎯
Objective & Hypothesis:In this paper that has been investigated validity of Arbitrage Pricing Theory (APT) over ISE primarily were given theoretical information about Arbitrage Pricing Theory then were tested validity of APT via firstly using multiple regression analyze and factor analyze method in the second part.
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Key Findings & Data:The results obtained from both of these methods are different from each other.
💡
Conclusion & Impact:When the incompletenesses of factor analyze mentioned considered, it is concluded that APT is valid at ISE in the examined time period.
🔬Design:Research Article
📍Scope:Comprehensive Sample
⚙️Variables:Domain Parameters

Abstract

In this paper that has been investigated validity of Arbitrage Pricing Theory (APT) over ISE primarily were given theoretical information about Arbitrage Pricing Theory then were tested validity of APT via firstly using multiple regression analyze and factor analyze method in the second part. The results obtained from both of these methods are different from each other. When the incompletenesses of factor analyze mentioned considered, it is concluded that APT is valid at ISE in the examined time period.

Özet

Arbitraj Fiyatlama Teorisinin (APT) İMKB’deki geçerliliğinin sınandığı bu çalışma da ilk olarak APT’ne ilişkin bilgi verilmiş ve ikinci kısımda ise APT’nin İMKB’deki geçerliliği çoklu doğrusal regresyon analizi ve sonrasında faktör analizi yöntemleri kullanılarak test edilmiştir. Her iki yöntemden elde edilen sonuçlar birbirinden farklılıklar göstermiştir. Faktör analizinin çalışmada bahsedilen eksiklikleri de dikkate alındığında APT’nin incelenen dönem itibari ile İMKB’de geçerli olduğu sonucuna ulaşılmıştır.

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Cite This Article

GÜNAY, S. (2012). Arbitrage pricing theory (APT) and testing the validity of arbitrage pricing theory at ISE. Finans Politik ve Ekonomik Yorumlar Dergisi, Cilt: 49 - Sayı: 563, 59–72. https://ajindex.com/articles/224015

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