This paper deals with the use of the CAPM for capital budgeting purposes. Four different measures are deductively drawn …

This paper shows that a decision maker using the CAPM for valuing firms and making decisions may contradict Modigliani … and Miller’s Proposition I, if he adopts the widely-accepted disequilibrium NPV. As a consequence, CAPM-minded agents … disequilibrium NPV for decision-making is deductively drawn from the CAPM, its use for both valuation and decision should be rejected. …

asset pricing model (CAPM) including size premiums and a time varying parameter model for the West African emerging market …

financial distress premium have any significance for the financial analyst? Do the foreign risk premiums of the Fama and French …

Asset Pricing Model (CAPM) under different data frequencies, time frames and indices. It is found that there is no …

The paper describes and analyzes the application of the capital asset pricing model (CAPM) and the single-index model …. This model shows through the analysis techniques used to estimate the systematic risk per share compared to the market … portfolio. Also, the model quantifies the environment in which a company and its stocks exist, expressing it as risk, or a beta …

This paper uses the cross-sectional variance of the betas from the CAPM model to study herd behavior towards market …

Jensen’s Alpha, Treynor Index, based on risk as portfolio’s beta, as well as Sharpe’s index based on risk as volatility. Then …, we show the fundamentals of conditional evaluation that can provide us additional elements in comparison with CAPM …