Asset Pricing in the Australian Industrial Equity Market: Reply

Ray Ball (), Philip Brown and R. R. Officer
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Philip Brown: Australian Graduate School of Management, University of New South Wales
R. R. Officer: Monash University

Australian Journal of Management, 1977, vol. 2, issue 2, 195-199

Abstract: In reply to Graham, Johnson and Schnabel (1977), we point out that they have raised a relatively difficult question in scientific method. Provided our earlier work is accepted as operating in the context of the two-period model, we reassert that it revealed no anomalous evidence.

Keywords: ANOMALY; ASSET-PRICING; MEAN-VARIANCE MODEL; PARADIGM; SCIENTIFIC METHOD; STOCK MARKET PRICES (search for similar items in EconPapers)
Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:2:y:1977:i:2:p:195-199

DOI: 10.1177/031289627700200209

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