The Capital Asset Pricing Model: An Overview of the Theory
نویسندگان
چکیده
منابع مشابه
An Intertemporal Capital Asset Pricing Model
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Is Beta Dead?” (Wallace [1980]) and other recent articles have asked whether broad consequences, disastrous to modern investment technology, would result from misspecification of the Capital Asset Pricing Model (CAPM), or worse yet, from falsehood of the model. The criticisms have cited imprecise specification of the market portfolio as a misapplication of the CAPM, and have emphasized the diff...
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One of the most important developments of modern finance is the Capital Asset Pricing Model (CAPM) of Sharpe, Lintner and Mossin. Although the model has been the subject of several academic papers, it is still exposed to theoretical and empirical criticisms. The CAPM is based on Markowitz’s (1959) mean variance analysis. Markowitz demonstrated that rational investors would hold assets, which of...
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ژورنال
عنوان ژورنال: International Journal of Economics and Finance
سال: 2014
ISSN: 1916-9728,1916-971X
DOI: 10.5539/ijef.v7n1p216