COVID-19 and CAPM: a tale of reference dependence with the pharma stocks’ returns
Given the sustained attention to COVID-19, we explore if a reference dependent version of the CAPM has a good explanatory power. It views the CAPM with the prospect theory references - certainty effect, reflection effect and isolation effect. It firstly follows a linear prospect theory version of th...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
General Association of Economists from Romania
2021-06-01
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| Series: | Theoretical and Applied Economics |
| Subjects: | |
| Online Access: |
http://store.ectap.ro/articole/1539.pdf
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