Footnote:
In: EsicMarket, 2009
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments January 1, 2009 erstellt
Description:
This study investigates whether the Consumption-based Capital Asset Pricing Model (CCAPM) is consistent with the data from four Latin-American countries: Brazil, Chile, Colombia, and Mexico. Empirical results showed that there is a statistical significant relationship between mean excess returns and consumption betas in the countries cited above, with the exception of Mexico. Such results are, in part, similar to the results reported in previous studies for the United States of America