Asset Pricing Theories
收藏NBER1985-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/t0044
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资源简介：
This article compares two leading models of asset pricing: the capital asset pricing model (CAPM) and the arbitrage pricing theory (APT): I argue that while the APT is compatible with the data available for testing theories of asset pricing, the CAPM is not. In reaching this conclusion emphasis is
提供机构：
美国国家经济研究局
创建时间：
1985-03-01
