Risk, Return and Market Condition: From a Three-Beta to a Functional-Beta Capital Asset Pricing Model
نویسندگان
چکیده
منابع مشابه
Investigating the effect of herd behavior in the Iranian economy on the efficiency criteria of the asset pricing model
The capital asset pricing model provides an equilibrium model to show the relationship between risk and return on assets. One of the economic areas is herd behavior, which has attracted a lot of attention in recent decades. Therefore, the present study deals with the herd behavior in the Iranian economy on the efficiency criteria of the asset pricing model. The research method used in this rese...
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