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The Capital Asset Pricing Model (CAPM) argues that only systematic risk should be priced in the market; Specific or idiosyncratic risk does not deserve a risk premium. However, recent empirical studies have raised serious challenges to this belief It appears that “/3” as a measure of systematic risk...
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| Format: | Article |
| Language: | fas |
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University of Tehran
2003-05-01
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| Series: | تحقیقات مالی |
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| Online Access: | https://jfr.ut.ac.ir/article_11351_a5ee31532de25e3d2c1671b94e905500.pdf |