The Transfer Function Relationship Between Earnings and Market-industry Indices
Author: Ali Jahankhani
Publisher:
Published: 1978
Total Pages: 578
ISBN-13:
DOWNLOAD EBOOKIn this paper, alternative capital asset pricing models (CAPM) are first reviewed and criticized. Then a new simultaneous equation CAPM is derived to take the essences of the existing capital asset pricing models into account. Some data are also used to show the usefulness of the new CAPM derived in this study.