[
Raza, A., et al. (2020). Impact of Macroeconomic Factors on CAPM Performance in Emerging Markets. Journal of Financial Research, vol. 43, no. 2, pp. 215-233.
]Search in Google Scholar
[
Chandra, S., et al. (2022). Role of Financial Market Development in Shaping the Validity of the CAPM Model in Emerging Economies. Emerging Markets Finance and Trade, vol. 58, no. 1, pp. 143-162.
]Search in Google Scholar
[
Chen, H., et al. (2023). Deviations from CAPM: Behavioral Perspectives in Emerging Markets. Journal of Behavioral Finance, vol. 20, no. 1, pp. 87-104.
]Search in Google Scholar
[
Li, X., & Yan, Z. (2021). Political Instability Risk and Asset Prices in Emerging Economies. Review of Finance, vol. 25, no. 4, pp. 1489-1524.
]Search in Google Scholar
[
Koutmos, G. (1997). Political Instability and the CAPM: Evidence from Some Emerging Markets. Journal of International Money and Finance, vol. 16, no. 2, pp. 219-230.
]Search in Google Scholar
[
Ihnatov, I., & Sprincean, N. (2015). Validity of CAPM in Different Market Conditions: Evidence from US, Poland, and Romania. Procedia Economics and Finance, vol. 32, pp. 214-221.
]Search in Google Scholar
[
Anghel, L., et al. (2015). Explaining Stock Returns: A Comparison of CAPM and Fama-French Three-Factor Model in the Romanian Market. Procedia Economics and Finance, vol. 22, pp. 440-446.
]Search in Google Scholar
