Αποδόσεις επιχειρήσεων στον κλάδο των τροφίμων: εμπειρική ανάλυση για Γαλλία, Ολλανδία, Γερμανία και Ελλάδα
Business performance in food industry: empirical analysis for France, Netherlands, Germany and Greece
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Keywords
Κλάδος τροφίμων ; Αποδόσεις μετοχών ; Capital assets pricing model ; Αποτίμηση περιουσιακών στοιχείωνAbstract
This work has a twofold goal. The first is the review of a large number of theoretical models that deal with the issue of investment returns. More specifically, the CAPM model, the arbitrage pricing theory (APT), the three-factor model of Fama & French, as well as a number of other models are analyzed in detail.
The second objective of the thesis is to investigate the predictive validity of the Capital Asset Assessment Model (CAPM) by calculating the expected returns of listed companies' shares in the food sector. Through this research we aim to find answers to the research questions we have raised in this paper, as well as to draw useful conclusions.