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Note--The Capital Asset Pricing Model and Strategic Planning

Birger Wernerfelt

Management Science, 1985, vol. 31, issue 4, 510-510

Abstract: We make two clarifying comments on a recent paper by Naylor and Tapon (Naylor, T. H., F. Tapon. 1982. The capital asset pricing model: An evaluation of its potential as a strategic planning tool. Management Sci. 28 1166-1173.). The conclusions of their paper are significantly affected by this.

Date: 1985
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