The Capital Asset Pricing Model: A Review Of The Issues

Harilaos Harissis

European Research Studies Journal, 2000, vol. III, issue 3-4, 111-130

Abstract: The aim of this paper is to review the literature relating to the theoretical basis of the Capital Asset Pricing Model (CAPM). The derivation of the CAPM is presented, followed by the empirical tests of it. There exists some further research however which is also presented, that criticize the CAPM, since it has often been challenged by statistical studies that fail to verify the validity of the model, as an adequate description of the way assets are priced.

JEL-codes: G10 G12 (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:iii:y:2000:i:3-4:p:111-130

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