Keywords: Capital asset pricing model
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Journal Articles
Journal of Capital Markets Studies (2019) 3 (2): 157–178.
Published: 04 October 2019
... the main results accompanied with policy implications and Section 5 concludes the study. Relying on capital asset pricing model (CAPM) and information asymmetry channel models, the proponents of liberalization claim that SML decreases the cost of capital via its implications on both domestic...

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