Article contents
The Capital Asset Pricing Model, Inflation, and the Investment Horizon: The Israeli Experience
Published online by Cambridge University Press: 06 April 2009
Extract
The Capital Asset Pricing Model (CAPM), an equilibrium model for the price determination of risky assets, was developed by Sharpe [16], Lintner [9, 10] and Treynor [21], following the pioneering work of Markowitz [12, 13] and Tobin [20]. In spite of the tremendous impact of this model on the profession, the CAPM still raises many questions, and is inconsistent with a considerable body of empirical evidence.
- Type
- Research Article
- Information
- Journal of Financial and Quantitative Analysis , Volume 15 , Issue 3 , September 1980 , pp. 561 - 593
- Copyright
- Copyright © School of Business Administration, University of Washington 1980
References
REFERENCES
- 8
- Cited by