Asset Pricing Theories
收藏NBER1985-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/t0044
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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
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美国国家经济研究局创建时间：
1985-03-01
