{"id":"https://openalex.org/W4381950499","doi":"https://doi.org/10.58830/ozgur.pub105.c516","title":"The Comparative Performance Evaluation of Shari\u2019ah-Compliant Asset Pricing Model and Alternative Fama-French Factor Models: Evidence from Turkey","display_name":"The Comparative Performance Evaluation of Shari\u2019ah-Compliant Asset Pricing Model and Alternative Fama-French Factor Models: Evidence from Turkey","publication_year":2023,"publication_date":"2023-06-25","ids":{"openalex":"https://openalex.org/W4381950499","doi":"https://doi.org/10.58830/ozgur.pub105.c516"},"language":"en","primary_location":{"id":"doi:10.58830/ozgur.pub105.c516","doi":"https://doi.org/10.58830/ozgur.pub105.c516","is_oa":true,"landing_page_url":"http://dx.doi.org/10.58830/ozgur.pub105.c516","pdf_url":null,"source":{"id":"https://openalex.org/S4306477381","display_name":"\u00d6zg\u00fcr Yay\u0131nlar\u0131 eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4389425454","host_organization_name":"\u00d6zg\u00fcr Yay\u0131nlar\u0131","host_organization_lineage":["https://openalex.org/I4389425454"],"host_organization_lineage_names":[],"type":"ebook platform"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finansal Piyasalar\u0131n Evrimi- II","raw_type":"book-chapter"},"volume":{"id":"https://openalex.org/W4381950917","display_name":"Finansal Piyasalar\u0131n Evrimi- II"},"type":"book-chapter","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"http://dx.doi.org/10.58830/ozgur.pub105.c516","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5037324624","display_name":"Yunus Kara\u00f6mer","orcid":"https://orcid.org/0000-0002-6377-1326","observed_orcids":["https://orcid.org/0000-0002-6377-1326"]},"institutions":[{"id":"https://openalex.org/I46000314","display_name":"Mustafa Kemal University","ror":"https://ror.org/056hcgc41","country_code":"TR","type":"education","lineage":["https://openalex.org/I46000314"]}],"countries":["TR"],"is_corresponding":true,"raw_author_name":"Yunus Kara\u00f6mer","raw_affiliation_strings":["Hatay Mustafa Kemal University"],"raw_orcid":"https://orcid.org/0000-0002-6377-1326","affiliations":[{"raw_affiliation_string":"Hatay Mustafa Kemal University","institution_ids":["https://openalex.org/I46000314"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5037324624"],"corresponding_institution_ids":["https://openalex.org/I46000314"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"53","last_page":"70"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.5717999935150146,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.5717999935150146,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.41359999775886536,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.003000000026077032,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk-free-rate","display_name":"risk-free rate","score":0.6790000200271606},{"id":"https://openalex.org/keywords/stock-return-predictability","display_name":"stock return predictability","score":0.6759999990463257},{"id":"https://openalex.org/keywords/islamic-finance","display_name":"Islamic finance","score":0.753000020980835},{"id":"https://openalex.org/keywords/turkey","display_name":"Turkey","score":0.6669999957084656}],"concepts":[{"id":"https://openalex.org/C181236170","wikidata":"https://www.wikidata.org/wiki/Q848354","display_name":"Capital asset pricing model","level":2,"score":0.9221057891845703},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.6545295119285583},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5800173282623291},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.463360071182251},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.41266191005706787},{"id":"https://openalex.org/C162118730","wikidata":"https://www.wikidata.org/wiki/Q1128453","display_name":"Actuarial science","level":1,"score":0.32164329290390015},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.10674279928207397},{"id":"https://openalex.org/C136764020","wikidata":"https://www.wikidata.org/wiki/Q466","display_name":"World Wide Web","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.58830/ozgur.pub105.c516","doi":"https://doi.org/10.58830/ozgur.pub105.c516","is_oa":true,"landing_page_url":"http://dx.doi.org/10.58830/ozgur.pub105.c516","pdf_url":null,"source":{"id":"https://openalex.org/S4306477381","display_name":"\u00d6zg\u00fcr Yay\u0131nlar\u0131 eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4389425454","host_organization_name":"\u00d6zg\u00fcr Yay\u0131nlar\u0131","host_organization_lineage":["https://openalex.org/I4389425454"],"host_organization_lineage_names":[],"type":"ebook platform"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finansal Piyasalar\u0131n Evrimi- II","raw_type":"book-chapter"}],"best_oa_location":{"id":"doi:10.58830/ozgur.pub105.c516","doi":"https://doi.org/10.58830/ozgur.pub105.c516","is_oa":true,"landing_page_url":"http://dx.doi.org/10.58830/ozgur.pub105.c516","pdf_url":null,"source":{"id":"https://openalex.org/S4306477381","display_name":"\u00d6zg\u00fcr Yay\u0131nlar\u0131 eBooks","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4389425454","host_organization_name":"\u00d6zg\u00fcr Yay\u0131nlar\u0131","host_organization_lineage":["https://openalex.org/I4389425454"],"host_organization_lineage_names":[],"type":"ebook platform"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Finansal Piyasalar\u0131n Evrimi- II","raw_type":"book-chapter"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":25,"referenced_works":["https://openalex.org/W202845040","https://openalex.org/W1484518497","https://openalex.org/W1586979474","https://openalex.org/W1995834279","https://openalex.org/W2029056003","https://openalex.org/W2053475711","https://openalex.org/W2125520394","https://openalex.org/W2149990348","https://openalex.org/W2166215547","https://openalex.org/W2604923920","https://openalex.org/W2606746968","https://openalex.org/W2613664720","https://openalex.org/W2891966687","https://openalex.org/W2946297544","https://openalex.org/W3020145198","https://openalex.org/W3094017442","https://openalex.org/W3113117544","https://openalex.org/W3122969576","https://openalex.org/W3210662467","https://openalex.org/W4230576380","https://openalex.org/W4232474910","https://openalex.org/W4237239309","https://openalex.org/W4239488419","https://openalex.org/W4290888603","https://openalex.org/W4297065998"],"related_works":["https://openalex.org/W3183096064","https://openalex.org/W2916862745","https://openalex.org/W4383878262","https://openalex.org/W7111886160","https://openalex.org/W2743488199","https://openalex.org/W4393314504","https://openalex.org/W7064617606","https://openalex.org/W3124808255","https://openalex.org/W2773139133","https://openalex.org/W2613664720"],"abstract_inverted_index":{"This":[0],"study":[1,159,216,224,236],"investigates":[2],"the":[3,6,20,29,35,46,65,69,76,80,88,94,107,120,128,135,142,145,149,158,170,175,184,193,197,207,214,219,223,232,241,247],"validity":[4,41],"of":[5,24,45,68,75,93,144,174,209,243,249],"Shari\u2019ah-Compliant":[7],"Asset":[8],"Pricing":[9],"Model":[10],"(S-CAPM)":[11],"and":[12,42,48,64,82,102,114,151,163,199],"alternative":[13,49,83,152,164,200,227],"Fama-French":[14,50,84,153,165,201],"Factor":[15,51,85,154,166,202],"Models,":[16],"as":[17,19,97,178],"well":[18],"comparative":[21,43],"performance":[22,44],"evaluations":[23],"these":[25,126],"models,":[26,127],"in":[27,31,34,133,137,183,246],"explaining":[28,134],"variation":[30,136],"stock":[32,138],"returns":[33],"BIST":[36,121,185],"Participation":[37,122,186],"All":[38,123,187],"Index.":[39,124,188],"The":[40,72,189],"S-CAPM":[47,81,108,150,162,198],"Models":[52,86,155,167,203],"are":[53,117],"measured":[54],"using":[55,87,169],"adjusted":[56],"R2,":[57],"mean":[58],"absolute":[59],"intercept,":[60],"GRS":[61],"F-test":[62],"statistic,":[63],"probability":[66],"value":[67],"GRS-F":[70],"test.":[71],"empirical":[73,146,190],"findings":[74,147,191],"study,":[77],"based":[78],"on":[79],"return":[89],"mudharabah":[90],"(RMDZ)":[91],"instead":[92,173],"risk-free":[95,176],"rate":[96,172],"suggested":[98],"by":[99,180],"Faisol,":[100],"Nidar,":[101],"Herwany":[103],"(2022),":[104],"indicate":[105],"that":[106],"RMDZ,":[109,111,113,157],"S-FF3F":[110],"S-FF5F":[112],"S-FF6F":[115,129,220],"RMDZ":[116,130],"valid":[118],"for":[119,148,231],"Among":[125],"performs":[131],"better":[132],"returns.":[139],"To":[140,206],"test":[141,218],"robustness":[143],"with":[156,204],"also":[160],"employs":[161],"created":[168],"inflation":[171],"rate,":[177],"proposed":[179],"Hanif":[181],"(2011),":[182],"confirm":[192],"results":[194],"obtained":[195],"from":[196],"RMDZ.":[205],"best":[208],"our":[210],"knowledge,":[211],"this":[212,235],"is":[213],"first":[215],"to":[217,240],"model.":[221],"Additionally,":[222],"presents":[225],"an":[226],"asset":[228],"pricing":[229],"model":[230],"S-CAPM.":[233],"Besides,":[234],"makes":[237],"significant":[238],"contributions":[239],"field":[242],"finance,":[244],"particularly":[245],"context":[248],"Islamic":[250],"finance.":[251]},"counts_by_year":[],"updated_date":"2026-10-20T09:52:01.089006","created_date":"2023-06-26T00:00:00"}
