Setiawan, Kusdhianto - In: International Journal of Economics and Business Research 7 (2014) 1, pp. 72-103
The C-CAPM is examined-based on a constant relative risk aversion utility function. The subjective discount rate (beta …:12-2010:7 period for the USA and Japan. In contrast with previous empirical research, the findings show that the C-CAPM fits well for …