Shih, Yi-Cheng; Chen, Sheng-Syan; Lee, Cheng-Few; Chen, … - In: Review of Quantitative Finance and Accounting 42 (2014) 3, pp. 415-448
The capital asset pricing models (CAPM) has been the benchmark of asset pricing models and has been used to calculate asset returns and the cost of capital for more than four decades. Many researchers have tried to relax the original assumptions and generalize the static CAPM. We survey the...
