@article{Czapiewski:245713,
      recid = {245713},
      author = {Czapiewski, Leszek},
      title = {Company size, book-to-market and momentum effects, and  other deviations from the CAPM - evidence from the Warsaw  stock exchange},
      journal = {Business and Economic Horizons (BEH)},
      address = {2013},
      number = {1232-2016-101183},
      pages = {8},
      year = {2013},
      abstract = {Capital Asset Pricing Model is one of the most popular  models applied to explain the risk premium for capital  employment. The model has been tested for developed capital  markets with conclusions that emphasized many of its  imperfections. Some of these imperfections are connected  with company characteristics, such as a company’s size,  book-to-market value etc. The aim of the research is to  test whether the anomalies of the CAPM that have been  pointed out so far are also true for Poland. I concentrate  on companies listed on the Warsaw Stock Exchange during  2007-2010. The event study is applied to identify these  anomalies. The research results reveal that the expected  returns approximated by the CAPM are contaminated during  the evaluation process. This is in line with the  conclusions of a previous research paper discussing  developed countries.},
      url = {http://ageconsearch.umn.edu/record/245713},
      doi = {https://doi.org/10.22004/ag.econ.245713},
}