Capital Asset Pricing Model

There is a great deal of debate in finance literature as to whether Capital Asset Pricing Model is empirically valid, and in particular whether beta can be properly measured. This paper proves that from a theoretical perspective CAPM leads to mathematical contradictions. In other words, CAPM is theoretically invalid, and beta is dead!

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Year of publication:	[2008]
Authors:	Falahati, Kazem
Publisher:	[2008]: [S.l.] : SSRN

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Extent:	1 Online-Ressource (3 p)
Type of publication:	Book / Working Paper
Other identifiers:	10.2139/ssrn.499441 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012727785