MACROECONOMIC FACTORS, THE APT AND THE UK STOCKMARKET

This paper examines the macroeconomic sources of risk priced in the UK stockmarket between 1983 and 1990 using monthly data on 840 stocks to form both beta‐sorted and market value sorted portfolios using the methodology proposed by Chen, Roll and Ross (1986) and Chan, Chen and Hsieh (1985) for the U...

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Veröffentlicht in:	Journal of business finance & accounting 1994-04, Vol.21 (3), p.309-330
Hauptverfasser:	Clare, Andrew D., Thomas, Stephen H.
Format:	Artikel
Sprache:	eng
Schlagworte:	Economic impact Macroeconomics Portfolio analysis Rates of return Securities analysis Securities markets Stock exchange Stock exchanges Stock prices Studies United Kingdom
Online-Zugang:	Volltext
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