Yoshino, Joe Akira; Santos, Edson Bastos e - In: Review of Applied Economics 5 (2009) 1-2
The central purpose of this work is to test the Sharpe-Lintner-Black Capital Asset Pricing Model in the Brazilian equity market. We have concluded that the CAPM is dead in the Brazilian equity market because, besides using the market premiums to explain the panel equity premiums, there are also...
