James W. Kolari & Wei Liu 
A New Model of Capital Asset Prices [PDF ebook] 
Theory and Evidence

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This book proposes a new capital asset pricing model dubbed the ZCAPM that outperforms other popular models in empirical tests using US stock returns. The ZCAPM is derived from Fischer Black’s well-known zero-beta CAPM, itself a more general form of the famous capital asset pricing model (CAPM) by 1990 Nobel Laureate William Sharpe and others. It is widely accepted that the CAPM has failed in its theoretical relation between market beta risk and average stock...

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表中的内容

Part I. Introduction.- Chapter 1. Asset Pricing Evolution.- Part II. Theoretical ZCAPM.- Chapter 2. Capital Asset Pricing Models.- Chapter 3. Theoretical Form of the ZC...

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关于作者

James W. Kolari is the JP Morgan Chase Professor of Finance and Academic Director of the Commercial Banking Program in the Department of Finance at Texas A&M Univ...

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语言 英语 ● 格式 PDF ● 网页 308 ● ISBN 9783030651978 ● 文件大小 6.5 MB ● 出版者 Springer International Publishing ● 市 Cham ● 国家 CH ● 发布时间 2021 ● 下载 24 个月 ● 货币 EUR ● ID 7777697 ● 复制保护 社会DRM

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