Application Of Consumption-capital Asset Pricing Model (c-capm)

77 pages Chapters 5 ID: BFN0873

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DepartmentBanking and Finance
TypeProject
Pages77
Chapters5
MethodologyDescriptive and Inferential Statistics
Reference StyleYES
FormatMS Word & PDF
Reference No.BFN0873

Abstract

ABSTRACT    The Study examines consumption-based capital asset pricing model (C-CAPM) in the Nigerian capital market, using the Generalized Method of Moments (GMM) technique on annual data covering the period 1985 to 2011. Consumption decisions related to assets returns were considered and three assets were selected in the capital market, namely, equity stock returns, returns on corporate bonds and returns on government bonds.     The results from the analysis show that returns on government bonds have a significant negative impact on consumption decisions in Nige…

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Pages77
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