The CAPM, Determinants of Portfolio Flows to Emerging Markets Economics: The Case of Jordanian Financial Crisis

The CAPM, Determinants of Portfolio Flows to Emerging Markets Economics: The Case of Jordanian Financial Crisis

Dr. Najeb Masoud

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Dr. Suleiman AbuSabha

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Middle East University

The CAPM, Determinants of Portfolio Flows to Emerging Markets Economics: The Case of Jordanian Financial Crisis

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Abstract

The main aims of this study to investigate the impact of the determinant of portfolio return performance during and post finical market crisis based on the most active firms listed on Amman Stock Exchange (ASE) for the period from 2008 to 2012 has been studied. In this study, using the framework of the Capital Assets Pricing Model (CAPM) as considered to be a centrepiece in optimal portfolio determinants. An important contribution of this framework is that it allows to derive optimal portfolio implications for economies in which the degree of correlation across different finical sectors. The test data set is the monthly prices based on 59 samples of the most active companies. This empirical study proposed that this is not a normal cyclical crisis of capitalism but a global crisis, which requires a change in the management policy to be tackled with new regulatory frameworks for financial institutions in order to stimulate economic activities.

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Najeb Masoud. 2014. \u201cThe CAPM, Determinants of Portfolio Flows to Emerging Markets Economics: The Case of Jordanian Financial Crisis\u201d. Global Journal of Management and Business Research - C: Finance GJMBR-C Volume 14 (GJMBR Volume 14 Issue C3).

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GJMBR Volume 14 Issue C3

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

amman stock exchange CAPM correlation coefficient financial crisi financial sector in jordan portfolio optimisation risk and return

Submission ReceivedDecember 11, 2013
Peer Review Double Blind
Handling Editor
Accepted December 31, 2013
Published January 15, 2014

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July 7, 2014

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Article Matrices

Total Score: 112

Country: Jordan

Subject: Global Journal of Management and Business Research - C: Finance

Authors: Dr. Najeb Masoud, Dr. Suleiman AbuSabha (PhD/Dr. count: 2)

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Total Views: 4592

Total Downloads: 2386

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