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Conditional Asset Pricing

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Encyclopedia of Finance

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Abstract

Conditional asset pricing studies predictability in the returns of financial assets, and the ability of asset pricing models to explain this predictability. The relation between predictability and asset pricing models is explained and the empirical evidence for predictability is summarized. Empirical tests of conditional asset pricing models are then briefly reviewed.

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Author information

Authors and Affiliations

  1. University of Southern California, Los Angeles, CA, USA

    Wayne E. Ferson

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  1. Wayne E. Ferson
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Correspondence to Wayne E. Ferson .

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Editors and Affiliations

  1. Dept. Finance, Rutgers University, Rockafeller Road 94, New Brunswick, 08854-8054, New Jersey, USA

    Cheng-Few Lee

  2. College of Business, San Francisco State University, Holloway Ave. 1600, San Fransisco, 94132, California, USA

    Alice C. Lee

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Ferson, W.E. (2013). Conditional Asset Pricing. In: Lee, CF., Lee, A. (eds) Encyclopedia of Finance. Springer, Boston, MA. https://doi.org/10.1007/978-1-4614-5360-4_10

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  • DOI: https://doi.org/10.1007/978-1-4614-5360-4_10

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  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-1-4614-5359-8

  • Online ISBN: 978-1-4614-5360-4

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