Capital Asset Prices: Risk and Return
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
:MCB UP Ltd
Copyright © 1979, MCB UP Limited