EMPIRICAL TEST OF CAPITAL ASSET PRICING MODEL ON SECURITIES RETURN OF LISTED FIRMS IN NIGERIA

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dc.contributor.authorOgiugo, Henry Usunobun
dc.contributor.authorAdesuyi, Isaac Olufemi
dc.contributor.authorOgbeide, Sunday Oseiweh
dc.date.accessioned2021-03-16T11:56:34Z
dc.date.available2021-03-16T11:56:34Z
dc.date.issued2020-12-30
dc.descriptionStaff Publicationen_US
dc.description.abstractThis paper applied the capital-asset pricing model (CAPM) to determine stock returns of listed firms in the Nigeria Stock Exchange (NSE). For the purpose of investigation, annual data on stock price of twenty six (26) listed firms, Treasury bill a measure of risk- free rate and all share indexes a proxy for market returns were extracted while beta value was computed for the period 2010 to 2016 upon which the model was analyzed. Finding indicates that the CAPM generated a very high return among the firms given the influence of the beta coefficient. The study concludes that higher market risk measured by beta, is associated with higher expected returns. It is therefore recommended that managers of firms in other sectors in Nigeria need to constantly use this model to price security return with a view to guiding investors at investing in securities based on risk preference behavior and also to enable them maximize wealth from a basket of portfolio. .en_US
dc.identifier.citationOgiugo, H.U., Adesuyi, I., & Ogbeide, S.O. (2020). Empirical test of capital asset pricing model on securities return of listed firms in Nigeria. Insights into Regional Development, 825-836. http://doi.org/10.9770/IRD.2020.2.4(8)en_US
dc.identifier.issn2669-0195
dc.identifier.urihttp://doi.org/10.9770/IRD.2020.2.4(8)
dc.identifier.urihttp://repository.elizadeuniversity.edu.ng/handle/20.500.12398/929
dc.language.isoenen_US
dc.publisherINSIGHTS INTO REGIONAL DEVELOPMENTen_US
dc.subjectMarket returns;en_US
dc.subjectTreasury bill;en_US
dc.subjectbeta;en_US
dc.subjectcovariance;en_US
dc.subjectsecurity return;en_US
dc.subjectStock Returnsen_US
dc.titleEMPIRICAL TEST OF CAPITAL ASSET PRICING MODEL ON SECURITIES RETURN OF LISTED FIRMS IN NIGERIAen_US
dc.typeArticleen_US
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