Isbn: 9783030651961 - a new model of capital asset prices: theory and evidence (17 risultati)

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Condizione: New. 1st ed. 2021 edition NO-PA16APR2015-KAP.

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Buch. Condizione: Neu. Druck auf Anfrage Neuware - Printed after ordering - This book proposes a new capital asset pricing model dubbed the ZCAPM that outperforms other popular models in empirical tests usingUSstock returns. The ZCAPM is derived from Fischer Black's well-known zero-beta CAPM, itself a more general form of the famouscapital asset pricing model(CAPM) by 1990 Nobel Laureate William Sharpe and others. It is widely accepted that the CAPM has failed in its theoretical relation between market beta risk and average stock returns, as numerous studies have shown that it does not work in the real world with empirical stock return data. The upshot of the CAPM's failure is that many new factors have been proposed by researchers. However, the number of factors proposed by authors has steadily increased into the hundreds over the past three decades.This new ZCAPM is a path-breaking asset pricing model that is shown to outperform popular models currently in practice in finance across different test assets and time periods.Since asset pricing is central to the field of finance, it can be broadly employed across many areas, including investment analysis, cost of equity analyses, valuation, corporate decision making, pension portfolio management, etc. The ZCAPM represents a revolution in finance that proves the CAPM as conceived by Sharpe and others is alive and well in a new form, and will certainly be of interest to academics, researchers, students, and professionals of finance, investing, and economics.…

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Buch. Condizione: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -This book proposes a new capital asset pricing model dubbed the ZCAPM that outperforms other popular models in empirical tests usingUSstock returns. The ZCAPM is derived from Fischer Black's well-known zero-beta CAPM, itself a more general form of the famouscapital asset pricing model(CAPM) by 1990 Nobel Laureate William Sharpe and others. It is widely accepted that the CAPM has failed in its theoretical relation between market beta risk and average stock returns, as numerous studies have shown that it does not work in the real world with empirical stock return data. The upshot of the CAPM's failure is that many new factors have been proposed by researchers. However, the number of factors proposed by authors has steadily increased into the hundreds over the past three decades.This new ZCAPM is a path-breaking asset pricing model that is shown to outperform popular models currently in practice in finance across different test assets and time periods. Since asset pricing is central to the field of finance, it can be broadly employed across many areas, including investment analysis, cost of equity analyses, valuation, corporate decision making, pension portfolio management, etc. The ZCAPM represents a revolution in finance that proves the CAPM as conceived by Sharpe and others is alive and well in a new form, and will certainly be of interest to academics, researchers, students, and professionals of finance, investing, and economics. 344 pp. Englisch.…

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Gebunden. Condizione: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Proposes a new asset pricing model (i.e.,&nbspthe ZCAPM) that has been shown to dominate other popular models in extensive empirical tests using&nbspUS&nbspstock returns over 50 years of analysesRepresents an empirical version of the now famous Ca.…

Buch. Condizione: Neu. This item is printed on demand - Print on Demand Titel. Neuware -Proposes a new asset pricing model (i.e. the ZCAPM) that has been shown to dominate other popular models in extensive empirical tests using U.S. stock returns over 50 years of analysesRepresents an empirical version of the now famous Capital Asset Pricing Model (CAPM) by 1990 Nobel Laureate William SharpeProvides access to computer programs (both Matlab and R coding) for the ZCAPM model with instructions¿Springer-Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 344 pp. Englisch.…