Measuring Expected Returns in a Fluid Economic Environment
This paper examines the components of the Capital Asset Pricing Model and the model's uses to analyze portfolios returns. It also looks at subsequent versions of the CAPM including a multi-variable CAPM with the inclusion of selected macro-variables as well as a non-stationary beta CAPM to esti...
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| Format: | Others |
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Virginia Tech
2011
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| Online Access: | http://hdl.handle.net/10919/9733 http://scholar.lib.vt.edu/theses/available/etd-02162004-100115 |