How to Test the Arbitrage Pricing Theory (APT)
As a response to critiques about the capital asset pricing model (CAPM), Ross (1976) proposed Arbitrage Pricing Theory (APT) as an alternative model with fewer assumptions, and use of multi risk factors affecting assets prices instead of one. This article will introduce a two stage method normally c...
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| Format: | Article |
| Language: | fas |
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Allameh Tabataba'i University Press
2007-12-01
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| Series: | Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī |
| Online Access: | https://joer.atu.ac.ir/article_3040_f01d5e2a22ddfc829d1b6e9a33b199c2.pdf |