SINGLA, RAVI; PASRICHA, J. S. - In: Journal of Academic Research in Economics 4 (2012) 1 (March), pp. 90-101
Capital Asset Pricing Model (CAPM) predicts that expected returns on securities are a positive linear function of their market betas and market beta alone is adequate to describe the cross section of expected returns. However there is a controversy regarding the empirical validity of CAPM. The...