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Review of Quantitative Finance and Accounting

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01.04.2014 | Original Research

The evolution of capital asset pricing models

verfasst von: Yi-Cheng Shih, Sheng-Syan Chen, Cheng-Few Lee, Po-Jung Chen

Erschienen in: Review of Quantitative Finance and Accounting | Ausgabe 3/2014

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Abstract

The capital asset pricing models (CAPM) has been the benchmark of asset pricing models and has been used to calculate asset returns and the cost of capital for more than four decades. Many researchers have tried to relax the original assumptions and generalize the static CAPM. We survey the important alternative theoretical models of capital asset pricing and provide a complete review of the evolution of asset pricing models. We also discuss the interrelationships among these models and suggest several possible directions for future research. Our results might be used as a guideline for future theoretical and empirical research in capital asset pricing.

Vorheriger Artikel On the relevance of earnings components in valuation and forecasting

Nächster Artikel The accounting implication of banking deregulation: an event study of Gramm-Leach-Bliley Act (1999)

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Titel: The evolution of capital asset pricing models
verfasst von: Yi-Cheng Shih
Sheng-Syan Chen
Cheng-Few Lee
Po-Jung Chen
Publikationsdatum: 01.04.2014
Verlag: Springer US
Erschienen in: Review of Quantitative Finance and Accounting / Ausgabe 3/2014
Print ISSN: 0924-865X
Elektronische ISSN: 1573-7179
DOI: https://doi.org/10.1007/s11156-013-0348-x

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