An assessment of risk and return in the Singapore stock market

This paper presents the results of empirical tests on the relationship between stock returns and the various measures of risk in the Singapore stock market over the period 1980-85. The findings show that the application of the Capital Asset Pricing Model in Singapore appears weak when weekly data ar...

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Bibliographic Details
Published in:Applied financial economics 1991-03, Vol.1 (1), p.11-20
Main Authors: Wong, K. A., Tan, M. L.
Format: Article
Language:English
Subjects:
Risk
Singapore
Stock exchange
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Summary:This paper presents the results of empirical tests on the relationship between stock returns and the various measures of risk in the Singapore stock market over the period 1980-85. The findings show that the application of the Capital Asset Pricing Model in Singapore appears weak when weekly data are used. Moreover, there is also no significant relationship between total risk and stock returns or between unsystematic risk and stock returns.
ISSN:0960-3107
1466-4305
DOI:10.1080/758520133