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Grid infrastructure and renewables integration for singapore energy transition. [PDF]
Sci RepVeerasamy V +7 more
europepmc +1 more source
Market shocks, climate vulnerability, and income loss in informal indigenous food systems: evidence from street vendors in Durban, South Africa. [PDF]
Front NutrMkhize X, Cele T.
europepmc +1 more source
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AN INTERTEMPORAL CAPITAL ASSET PRICING MODEL
Econometrica, 1973Summary: An intertemporal model for the capital market is deduced from the portfolio selection behavior by an arbitrary number of investors who act so as to maximize the expected utility of lifetime consumption and who can trade continuously in time.
R. C. Merton
semanticscholar +3 more sources
New Evidence on the Capital Asset Pricing Model [PDF]
The Journal of Finance, 1978 THE ORIGINAL Sharpe-Lintner capital asset pricing model advanced to explain the variations in risk differentials on different risky assets has now been widely questioned on the basis of the empirical evidence, and a large number of modified theories have been proposed to explain the discrepancies between theory and observation. The evidence points to a
I. Friend +2 more
semanticscholar +2 more sources
A NEW LOOK AT THE CAPITAL ASSET PRICING MODEL
The Journal of Finance, 1973IN A RECENT PAPER in the American Economic Review [6], we presented empirical evidence that the relationship between rate of return and risk implied by the market-line theory is unable to explain differential returns in the stock market. As a result, the risk-adjusted measures of portfolio performance based on this theory yield seriously biased ...
M. Blume, I. Friend
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Social Science Research Network, 2020
This paper shows how sustainable investing affects asset returns through exclusionary screening and environmental, social, and governance (ESG) integration. I develop an asset pricing model with partial segmentation and heterogeneous preferences.
O. Zerbib
semanticscholar +1 more source
This paper shows how sustainable investing affects asset returns through exclusionary screening and environmental, social, and governance (ESG) integration. I develop an asset pricing model with partial segmentation and heterogeneous preferences.
O. Zerbib
semanticscholar +1 more source
2021
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
Wei Liu +2 more
openaire +2 more sources
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
Wei Liu +2 more
openaire +2 more sources
A Political Capital Asset Pricing Model
SSRN Electronic Journal, 2019We construct a bivariate factor of political stability and economic policy confidence and show that it commands a significant premium of up to 15% per annum, in the global, developed, and emerging markets, robust to ICAPM, Fama-French five-factor model, Carhart, and ICAPM Redux.
Pagliardi, Giovanni +5 more
openaire +4 more sources