A New Model of Capital Asset Prices: Theory and Evidence by James W. Kolari
English | EPUB | 2021 | 326 Pages | ISBN : 3030651967 | 14.3 MB
This book proposes a new capital asset pricing model dubbed the ZCAPM that outperforms other popular models in empirical tests using US stock returns. The ZCAPM is derived from Fischer Black’s well-known zero-beta CAPM, itself a more general form of the famous capital asset pricing model (CAPM) by 1990 Nobel Laureate William Sharpe and others.
