@incollection{, 54CC889C74EDA5F85F97B7C69B8E0996 , author={{Muhammad IbrahimKhan} and {Noorul MudassarKhan} and {National Defence University Islamabad}}, journal={{Global Journal of Management and Business Research}}, journal={{GJMBR}}2249-45880975-585310.34257/GJMBR, address={Cambridge, United States}, publisher={Global Journals Organisation}12103338 } @incollection{b0, , title={{Testing the conditional CAPM using multivariate GARCH-M}} , author={{ HordahlBjorn }} , journal={{Journal of Applied Finance Economics}} 8 , year={1998} } @incollection{b1, , title={{The Capital Asset Pricing Model and the CAPM literature}} , author={{ MEBlume }} , booktitle={{The CAPM controversy: Policy and strategy implications for investment management. ICFA Continuing Education}} , editor={ DRHarrington RAKorajczyk Amir } New York , year={1993} } @incollection{b2, , author={{ DJBradfield } and { GD IBarr } and { JFAffleck-Graves }} , booktitle={{Macroeconomic identification of the pricing factors on the Johannesburg Stock Exchange}} , year={1988} 19 } @book{b3, , title={{Capital market equilibrium with}} , author={{ FBlack }} , year={1972} } @book{b4, , title={{The econometrics of financial markets}} , author={{ JYCampbell } and { AWLo } and { ACMackinlay }} , year={1997} , publisher={Princeton University Press} , address={Princeton, New Jersey} } @incollection{b5, , title={{Testing Multifactor Capital Asset Pricing Model in case of Pakistani Market}} , author={{ AttiyaEatzaz }} , journal={{International Research Journal of Finance and Economics}} 25 , year={2008} } @incollection{b6, , title={{Asset pricing implications of benchmarking: a two-factor CAPM}} , author={{ ZapatroGomez }} , journal={{The European Journal of Finance}} 9 4 , year={2003} } @incollection{b7, , title={{Share prices and macroeconomic factors}} , author={{ FraserGreonewold }} , journal={{Journal of Business Finance and Accounting}} 24 , year={1997} } @incollection{b8, , title={{Testing the Capital Asset Pricing Model (CAPM): the case of emerging Greek securities market}} , author={{ StravosGrigoris }} , journal={{International Research Journal of Finance and Economics}} 4 , year={2006} } @book{b9, , title={{Testing Application of CAP Model on KSE-Pakistan: A Case Study on Tobacco Sector}} , author={{ MHanif }} , year={2009} } @incollection{b10, , title={{Validity of Capital Assets Pricing Model: Evidence from KSE-Pakistan}} , author={{ BhattiHanif }} , journal={{Finance and Administrative Sciences}} 20 , year={2010} , note={European Journal of Economics} } @incollection{b11, , title={{The CAPM controversy: An overview}} , author={{ DRHarrington }} , booktitle={{The CAPM controversy: Policy and strategy implications for investment management, ICFA Continuing Education}} , editor={ DRHarrington RAKorajczyk } New York , year={1993} } @book{b12, , title={{Modern portfolio theory, the Capital Asset Pricing Model and Arbitrage Pricing Theory: A user's guide}} , author={{ DRHarrington }} , year={1987} , publisher={Prentice-Hall} , address={Englewood Cliffs, New Jersey} , note={2nd edition} } @incollection{b13, , title={{Return Volatility Is Priced in Equities}} , author={{ ChristopherHui }} , journal={{Financial Management Association International}} 37 4 , year={2008} } @incollection{b14, , author={{ &Jagannathan } and { Wang }} , booktitle={{CAPM is alive as well}} , year={1993} 23 } @book{b15, , author={{ CPJones }} , title={{Investments: Analysis and management}} New York , publisher={Wiley} , year={1998} , note={6th edition} } @incollection{b16, , title={{Global investment in the CAPM framework}} , author={{ DSKarnosky }} , booktitle={{The CAPM controversy: Policy and strategy implication for investment management}} , 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