...R. Pooja; Parthajit Kayal; Moinak Maiti Purpose To enhance portfolio decision-making using a capital asset pricing model-based clustering analysis. Design/methodology/approach Capital asset pricing model (CAPM); K-means clustering; agglomerative clustering. Findings Employing clustering...

... is to understand which model determines the asset returns most efficiently. In this regard, the validity of single and multi-index asset pricing models (capital asset pricing model-CAPM and Fama–French models) has been examined in the Turkish Stock Exchange for 2009–2020, with the quantile regression (QR) approach...

... model. Findings We show that our extended model yields a Pareto efficient outcome. Practical implications The capital asset pricing model (CAPM) model can be used for pricing long-lived assets. Social implications Long-term modelling and sustainability can be modelled in our setting...