. Fließen die Überschüsse nur an die Eigenkapitalgeber, so wird bei dem Zinssatz auch von Eigenkapitalkosten gesprochen. Ganz im … Sinne von Moxters Vergleichsprinzip bilden diese Eigenkapitalkosten den Zinssatz der beste Handlungsalternative zum …

. Fließen die Überschüsse nur an die Eigenkapitalgeber, so wird bei dem Zinssatz auch von Eigenkapitalkosten gesprochen. Ganz im … Sinne von Moxters Vergleichsprinzip bilden diese Eigenkapitalkosten den Zinssatz der beste Handlungsalternative zum …

Capital Asset Pricing Model (CAPM) predicts that expected returns on securities are a positive linear function of their … market betas and market beta alone is adequate to describe the cross section of expected returns. However there is a … controversy regarding the empirical validity of CAPM. The present research paper is an empirical assessment of this financial …

We make two methodological modifications to the method of testing CAPM beta and we show that these significantly affect … inferences about the association between CAPM beta and stock returns. While the conventional beta proxy is indeed largely … beta’s deficiencies do not seem to outperform beta. This suggests that weak empirical support for CAPM beta is likely …

to research and development (R&D) expenditure, we find that higher beta is associated with higher return volatility … significant decreases in beta. Dynamically estimated high-frequency betas appear to perform well in capturing variation in firm …

Using data from the Tokyo Stock Exchange, we study how beta, size, and ratio of book to market equity (BE/ME) account … for the cross-section of expected stock returns over different lengths of investment horizons. We find that $\beta … explaining the cross-section expected returns, but the size significance diminishes for longer horizons when $\beta$ is included …