Abstract
The Capital Asset Pricing Model (CAPM) has been extensively used by academics and practitioners during the last twenty years. Particularly in the last decade the validity of tests of the model and the model itself have been challenged by many academic researchers.In the last few years a generic model of which the CAPM is said to be a sub-set, the Arbitrage Pricing Model (APM), has received increasing attention by academics. This paper is an overview of the developments in the pricing of financial assets.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
