Tests of the capital market theory and implications of its evidence: The Philippine stock market

• Main Author: Santos, Rhoderick R.
• Format: text
• Language: English
• Published: Animo Repository 1992
• Subjects: Capital investments > Mathematical models; Stock-exchange > Philippines; Investments; Business
• Online Access: https://animorepository.dlsu.edu.ph/etd_doctoral/673
• Institution: De La Salle University

This paper is an empirical investigation of the Capital Market Theory in the context of the Philippine capital market. The following are observed: a) portfolio risk decreases with an increase in the number of securities in a portfolio, validating the hypothesized risk-size relationship, and b) corre...