2011•Unpublished venueRequires access

Using the Capital Asset Pricing Model and Arbitrage Pricing Theory in Capital Budgeting

Steven D. Young, Samir Saadi

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Abstract

This chapter contains sections titled: Introduction The Capital Asset Pricing Model Theoretical Extensions of the Capm Challenges to Using the Capm Biases in Testing for the Validity of the Capm The Arbitrage Pricing Theory Recent Developments: Does Information Asymmetry Matter to the Cost of Equity? Using the Capm and the Apt in Practice Summary and Conclusions Discussion Questions References About the Authors

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What this paper is about

This chapter contains sections titled: Introduction The Capital Asset Pricing Model Theoretical Extensions of the Capm Challenges to Using the Capm Biases in Testing for the Validity of the Capm The Arbitrage Pricing Theory Recent Developments: Does Information Asymmetry Matter to the Cost of Equity? Using the Capm and the Apt in Practice Summary and Conclusions Discussion Questions References About the Authors

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OpenAlex reports 2 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

This chapter contains sections titled: Introduction The Capital Asset Pricing Model Theoretical Extensions of the Capm Challenges to Using the Capm Biases in Testing for the Validity of the Capm The Arbitrage Pricing Theory Recent Developments: Does Information Asymmetry Matter to the Cost of Equity? Using the Capm and the Apt in Practice Summary and Conclusions Discussion Questions References About the Authors

Key concepts: Capital asset pricing model, Arbitrage pricing theory, Investment theory, Consumption-based capital asset pricing model, Arbitrage, Economics, Financial economics, Cost of capital

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