model resurrects CAPM. The adjusted CAPM internalizes the well-known size, value, and momentum effects, high … larger with anchoring. Immediate applications of the adjusted CAPM include improved cost of equity calculation, and improved …

-known spectral measure of risk is. We investigate the above mentioned six axioms using tools from general equilibrium (GE) theory …

The benchmark CAPM linearly relates the expected returns on an arbitrary asset, an arbitrary benchmark portfolio, and …-perfectly correlated with the frontier portfolio. The benchmark CAPM extends and generalizes previous CAPM formulations, including the zero …

classic CAPM's assumption of compete agreement among investors. To accommodate information asymmetry and belief updating, we … develop an information-adjusted CAPM, which states that the expected excess return of a risky asset/portfolio is solely … the classic CAPM, including a flatter relation between average return and market beta than the CAPM predicts, a non …