THEORETICAL FLAWS IN THE USE OF THE CAPM FOR INVESTMENT DECISIONS
This paper uses counterexamples and simple formalization to show that the standard CAPM-based Net Present Value may not be used for investment valuations.
Magni, Carlo Alberto
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Reforming hospital management education with the P-MASE pedagogy: a randomized controlled trial. [PDF]
Zhang Y, Li W, Zhang C, Wang Y, Feng S.
europepmc +1 more source
Project selection and equivalent CAPM-based investment criteria
This article shows that the Capital Asset Pricing Model-based capital budgeting criteria proposed by Tuttle and Litzenberger (1968), Mossin (1969), Hamada (1969), Stapleton (1971), Rubinstein (1973), Bierman and Hass (1973) and Bogue and Roll (1974) are ...
Magni, Carlo Alberto
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PROTOCOL: Financial Literacy Programmes for the Ageing Population: An Evidence and Gap Map. [PDF]
Fernandes C, Silva I, Gomes I.
europepmc +1 more source
An integrated budget calculation model for environmental geological mapping. [PDF]
Luo G, Tao M, Zhang W, Zhong S, Cao C.
europepmc +1 more source
Sustainability of top-performance athletes' mental health and career retirement support services: European major sports organizations' perspective. [PDF]
Guidotti F +6 more
europepmc +1 more source
Correct or incorrect application of CAPM? Correct or incorrect decisions with CAPM?
This paper focuses on inconsistencies arising from the use of NPV and CAPM for capital budgeting. It shows that (i) CAPM capital budgeting decision-making based on disequilibrium NPV is deductively inferred by the Capital Asset Pricing Model, (ii) the ...
Magni, Carlo Alberto
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Economic performance of introduced cassava processing technologies in coastal regions, Tanzania. [PDF]
Theodory M.
europepmc +1 more source
Neglected tropical diseases elimination activities in South Sudan's largest refugee camp: lessons from 2 years of work. [PDF]
Idraku J +7 more
europepmc +1 more source

