Empirical Evaluation of Asset Pricing Models: A Comparison of the SDF and Beta Methods
收藏NBER2001-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8098
下载链接
链接失效反馈官方服务：
资源简介：
The stochastic discount factor (SDF) method provides a unified general framework for econometric analysis of asset pricing models. It has recently been pointed out that the generality of the SDF method may come at the cost of estimation efficiency. We show that there is no need for this concern. The
提供机构：
美国国家经济研究局
创建时间：
2001-01-01
