The single vs. simultaneous equation model in capital asset pricing
By: Cheng F. Lee, Joseph D. Vinso
Contributors: Vinso, Joseph D. joint author; University of Illinois at Urbana-Champaign. College of Commerce and Business Administration
Series: Faculty working papers -- no. 492; Faculty working papers -- no. 492.
Publisher: College of Commerce and Business Administration, University of Illinois at Urbana-Champaign
Published: 1978
Place of publication: [Urbana, Ill.]
Language: eng
Number of pages: 25
Description: "In this paper, alternative capital asset pricing models (CAPM) are first reviewed and criticized. Then a new simultaneous equation CAPM is derived to take the essences of the existing capital asset pricing models into account. Some data are also used to show the usefulness of the new CAPM derived in this study."
Notes: Includes bibliographical references (leaves 23-25).