Research Article
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 |
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