The nonlinear impact of ESG performance on audit pricing: Evidence from China. [PDF]
Li Y, Meng F.
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The impact of the consistency evaluation policy of generic drugs on the integration of innovation chain and industrial chain in the pharmaceutical manufacturing industry. [PDF]
Xie Y, Zhang W.
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Integrated energy in action: Practical learnings from integrating centralized and decentralized energy delivery models in Uganda. [PDF]
Mahomed S, Shirley R, Pan CI.
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Steering FinTech: Techno-industrial policy for the data-driven economy in China's Greater Bay Area. [PDF]
Anguelov D.
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Financing pathways for the ageing industry: mitigating risks in older adult care investment. [PDF]
Na L, Zesheng L, Tong P.
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Scenario-based portfolio optimization via bootstrapping and machine learning methods: Theory development and empirical evidence from the Tehran Stock Market. [PDF]
Amini M, Javadi S, Soleimani-Damaneh M.
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The Capital Asset Pricing Model
2015The CAPM (capital asset pricing model) has a variety of uses. It provides a theoretical justification for the widespread practice of passive investing by holding index funds. The CAPM can provide estimates of expected rates of return on individual investments and can establish \fair" rates of return on invested capital in regulated firms or in firms ...
David Ruppert, David S. Matteson
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Capital Asset Pricing Model & Adjusted Capital Asset Pricing Model
SSRN Electronic Journal, 2010Capital Asset Pricing Model, as one of the basic theories in finance and investment area, developed a model for estimation of expected rate of return and equity cost of capital. This model has many applications in the field of finance. Investors consider to various factors to choose and buy stocks. One of the most important factors is liquidity.
Ahmad Khalife Soltani +2 more
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This chapter distinguishes between two main branches of asset pricing: (1) general equilibrium models and (2) multifactor models. We begin by reviewing the pathbreaking work by Sharpe (1964) and others, who utilized equilibrium pricing conditions in the mean-variance return world of Markowitz (1959) to derive the theoretical CAPM. Its market model form
James W. Kolari +2 more
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There is a great deal of debate in finance literature as to whether Capital Asset Pricing Model is empirically valid, and in particular whether beta can be properly measured. This paper proves that from a theoretical perspective CAPM leads to mathematical contradictions. In other words, CAPM is theoretically invalid, and beta is dead!
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