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, 2016 The Capital Asset Pricing Model (CAPM) is among the earliest and most widely used security valuation models. Since its inception, CAPM has been criticized more than it has been appreciated. Although, it has been criticized both empirically and theoretically, it is still one of the most extensively used methods for the calculation of equity betas and ...
openaire +2 more sources
Firm Value and the mis-use of the CAPM for valuation and decision making
This paper shows that a decision maker using the CAPM for valuing firms and making decisions may contradict Modigliani and Miller’s Proposition I, if he adopts the widely-accepted disequilibrium NPV.
Magni, Carlo Alberto
core
Interest Term Premiums and C-CAPM: A Test of a Parsimonious Model [PDF]
This paper proposes a consumption-based model that accounts for term premiums of the nominal term structure of interest rates. The driving force behind the model is the looking at the ex ante term premium.
Jessica Fouilloux +1 more
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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
core
Risk and return nexus in Malaysian stock market: Empirical evidence from CAPM
This paper examines the applicability of CAPM in explaining the risk-return relation in the Malaysian stock market for the period of January 1995 to December 2006.
Md Isa, Abu Hassan +2 more
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Testing Multi-Factor Asset Pricing Models in the Visegrad Countries [PDF]
There is no consensus in the literature as to which model should be used to estimate stock returns and the cost of capital in the emerging markets. The Capital Asset Pricing Model (CAPM), which is most often used for this purpose in the developed markets,
Borys, Magdalena Morgese Borys
core
CAPM, Components of Beta and the Cross Section of Expected Returns
, 2012 Tolga Cenesizoglu, Jonathan J. Reeves
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The Conditional CAPM and the Cross-Section of Expected Returns
, 1996 R. Jagannathan, Zhenyu Wang
semanticscholar +1 more source
Penentuan Saham Efisien dan Tidak Efisien dengan Metode Capital Asset Price Model (CAPM)
, 2020 I Wayan Sunarya
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