The Conditional CAPM does not Explain Asset-Pricing Anamolies
收藏NBER2003-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9974
下载链接
链接失效反馈官方服务：
资源简介：
Recent studies suggest that the conditional CAPM might hold, period-by-period, and that time-varying betas can explain the failures of the simple, unconditional CAPM. We argue, however, that significant departures from the unconditional CAPM would require implausibly large time-variation in betas
提供机构：
美国国家经济研究局
创建时间：
2003-09-01
