Results 121 to 130 of about 1,211,501 (366)
On Estimating an Asset's Implicit Beta [PDF]
Siegel (1995) has developed a technique with which the systematic risk of a security (beta) can be estimated without recourse to historical capital market data. Instead, beta is estimated implicitly from the current market prices of exchange options that
Andreas Stephan, Sven Husmann
core
An Asymmetric Capital Asset Pricing Model [PDF]
arXivProviding a measure of market risk is an important issue for investors and financial institutions. However, the existing models for this purpose are per definition symmetric. The current paper introduces an asymmetric capital asset pricing model for measurement of the market risk.
arxiv
A probability-free and continuous-time explanation of the equity premium and CAPM [PDF]
arXiv, 2016 This paper gives yet another definition of game-theoretic probability in the context of continuous-time idealized financial markets. Without making any probabilistic assumptions (but assuming positive and continuous price paths), we obtain a simple expression for the equity premium and derive a version of the capital asset pricing model.
arxiv
New Solutions for Old Problems: Exploring Business Model Innovation in Food Sharing Platforms
Business Strategy and the Environment, EarlyView.ABSTRACT Food insecurity and food waste are among the main contemporary global challenges facing us. Although problematic for societies over a long period, their greater prominence in the post‐pandemic scenario makes the need to find appropriate solutions, at both supply and consumption levels, increasingly urgent. Thus, while not new, there has been a
Cecilia Grieco, Alberto Morgante
wiley +1 more source
Test of Multi-moment Capital Asset Pricing Model: Evidence from Karachi Stock Exchange [PDF]
This study examines the Capital Asset Pricing Model of Sharpe (1964) Lintner (1965) and Black (1972) as the benchmark model in the asset pricing theory.
Attiya Y. Javid, Eatzaz Ahmad
core
CAPM (Capital Asset Pricing Model) with Stable Distribution
Jurnal Ilmu Dasar, 2010 In the classical finance theory, the CAPM models are developed using the Gaussian framework, that is, weassume the vector of returns can be modeled using the multivariate normal distribution.
Dedi Rosadi
doaj
The Effects of Leverage Requirements and Fire Sales on Financial Contagion via Asset Liquidation Strategies in Financial Networks [PDF]
arXiv, 2015 This paper provides a framework for modeling the financial system with multiple illiquid assets when liquidation of illiquid assets is caused by failure to meet a leverage requirement. This extends the network model of Cifuentes, Shin & Ferrucci (2005) which incorporates a single asset with fire sales and capital adequacy ratio.
arxiv
The Evolution of Portfolio Rules and the Capital Asset Pricing Model [PDF]
, 2002 Emanuela Sciubba
openalex +1 more source
Business Strategy and the Environment, EarlyView.ABSTRACT This study investigates the body of literature on decarbonization management practices that use renewable resources and green technologies to meet zero‐carbon energy targets for achieving Sustainable Development Goal (SDG) 13 to ‘Take urgent action to combat climate change and its impacts’.
Assunta Di Vaio +3 more
wiley +1 more source
Correct or incorrect application of CAPM? Correct or incorrect decisions with CAPM? [PDF]
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
core +1 more source