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Cost of Capital

P/F/225 Dissertation. CAPM: Validity Examination with Reference to Recent Academic Literature

WORDS:
11000
DATE:
2003
PRICE:
119.99 GBP

The dissertation aims to review some of the most important recent literature about the CAPM. The major paper discussed in this dissertation was the Fama and French 1992 paper. Moreover the dissertation investigates the performance of the CAPM in different markets. Recent literature has been concerned with how the model fares in markets other than the US. Furthermore, the dissertation looks at how some academics have attempted to rescue the CAPM by making improvements to it, and how others have discarded it entirely and begun looking for alternatives. The major change that was performed was allowing for negative excess market returns. The model most likely to replace the CAPM is the APT. (Further information is available on request)

 

KEYWORDS: f, dissertation, capm, validity, examination, reference, recent, academic, literature,

 
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