Role of international trade competitive advantage and corporate governance quality in predicting equity returns: Static and conditional model proposals for an emerging market

This paper aims to develop some static and conditional (dynamic) models to predict portfolio returns in the Borsa Istanbul (BIST) that are calibrated to combine the capital asset-pricing model (CAPM) and corporate governance quality. In our conditional model proposals, both the traditional CAPM (bet...

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Veröffentlicht in:Journal of risk and financial management 2021-03, Vol.14 (3), p.1-31
Hauptverfasser: Muzir, Erol, Kizil, Cevdet, Ceylan, Burak
Format: Artikel
Sprache:eng
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