CAPM Over the Long Run: 1926-2001
收藏NBER2005-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11903
下载链接
链接失效反馈官方服务：
资源简介：
A conditional one-factor model can account for the spread in the average returns of portfolios sorted by book-to-market ratios over the long run from 1926-2001. In contrast, earlier studies document strong evidence of a book-to-market effect using OLS regressions in the post-1963 sample. However,
提供机构：
美国国家经济研究局
创建时间：
2005-12-01
