Abstract
Originally proposed by Sharpe (1964), Lintner (1965) and Black (1972), the Capital Asset Pricing Model has long shaped the way academics and practitioners think about average returns and risk. The essential prediction of the model is that the market portfolio of invested wealth is mean-variance efficient in the sense of Markowitz (1959).
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© 2002 Springer-Verlag Berlin Heidelberg
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Wang, S., Xia, Y. (2002). Empirical Tests of CAPM for China’s Stock Markets. In: Portfolio Selection and Asset Pricing. Lecture Notes in Economics and Mathematical Systems, vol 514. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-55934-1_9
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DOI: https://doi.org/10.1007/978-3-642-55934-1_9
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-42915-9
Online ISBN: 978-3-642-55934-1
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