Contribution of Co-Skewness and Co-Kurtosis of the Higher Moment CAPM for Finding the Technical Efficiency

Table 4

Group-wise mean efficiency without (with) considering co-skewness and co-kurtosis.

Group	WOSK	WSK
Engineering	0.9077	0.9149
Food and allied products	0.9979	0.9982
Fuel and power	0.9793	0.9951
Textiles	0.9509	0.9616
Pharmaceuticals and chemicals	0.9069	0.9116
Services and real estate	0.9200	0.9365
Cement	0.8807	0.9048
Tannery industries	0.9298	0.9340
Ceramic industries	0.9998	0.9999
Miscellaneous	0.9984	0.9989