https://scholars.lib.ntu.edu.tw/handle/123456789/631102
標題: | The evolution of capital asset pricing models | 作者: | Shih, Yi Cheng SHENG-SYAN CHEN Lee, Cheng Few Chen, Po Jung |
關鍵字: | Asset pricing models | CAPM | Modern capital market theory | 公開日期: | 1-四月-2014 | 卷: | 42 | 期: | 3 | 起(迄)頁: | 415-448 | 來源出版物: | Review of Quantitative Finance and Accounting | 摘要: | The capital asset pricing models (CAPM) has been the benchmark of asset pricing models and has been used to calculate asset returns and the cost of capital for more than four decades. Many researchers have tried to relax the original assumptions and generalize the static CAPM. We survey the important alternative theoretical models of capital asset pricing and provide a complete review of the evolution of asset pricing models. We also discuss the interrelationships among these models and suggest several possible directions for future research. Our results might be used as a guideline for future theoretical and empirical research in capital asset pricing. © 2013 Springer Science+Business Media New York. |
URI: | https://scholars.lib.ntu.edu.tw/handle/123456789/631102 | ISSN: | 0924865X | DOI: | 10.1007/s11156-013-0348-x |
顯示於: | 財務金融學系 |
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