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

Table 3

Year-wise mean efficiency of companies without (with) considering co-skewness and co-kurtosis.

Year	WOSK	WSK
2002	0.9794	0.9818
2003	0.9758	0.9775
2004	0.9715	0.9722
2005	0.9656	0.9666
2006	0.9575	0.9607
2007	0.9476	0.9539
2008	0.9355	0.9460
2009	0.9207	0.9368
2010	0.9028	0.9260
2011	0.8811	0.9135
Mean	0.9438	0.9535