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Capital Asset Prices: Risk and Return

Managerial Finance

ISSN: 0307-4358

Article publication date: 1 January 1979

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Abstract

Though of fairly recent origin, the capital‐asset pricing model (CAPM) is becoming a dominant influence in the analysis of financial and investment decisions. While continuing to undergo stringent theoretical and empirical examination, the demonstrable explanatory and predictive ability of the CAPM have led to its widespread recognition as the foundation of modern financial management. Though usually attributed to Sharpe, Lintner and Mossin, the origins of the CAPM can be traced back to the celebrated work of Harry Markowitz on portfolio selection.

Citation

Lawson, G.H. and Pike, R. (1979), "Capital Asset Prices: Risk and Return", Managerial Finance, Vol. 5 No. 1, pp. 42-56. https://doi.org/10.1108/eb013436

Publisher

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MCB UP Ltd

Copyright © 1979, MCB UP Limited

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