Modelo de Valuación de Activos de Capital y Riesgo Financiero

Rodrigo De La Cuadra and Víctor García

Latin American Journal of Economics-formerly Cuadernos de Economía, 1987, vol. 24, issue 73, 359-374

Abstract: This study documents empirical anomalies of the CAPM which suggest that Beta is not capturing all the systematic risk associated with the level of leverage of a firm. In particular, portfolios based on accounting Equity/Total Asset (E/A ) ratios experienc

Date: 1987
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Latin American Journal of Economics-formerly Cuadernos de Economía is currently edited by Raimundo Soto

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