DefinePK

DefinePK hosts the largest index of Pakistani journals, research articles, news headlines, and videos. It also offers chapter-level book search.

Select Collection

The Death of CAPM: A Critical Review

Article Information

Get PDF View Article
Login to Add in Library

Title: The Death of CAPM: A Critical Review

Authors: Nawazish Mirza, Ghalia Shabbir

Journal: Lahore Journal of Economics

HEC Recognition History
Category From To
Y 2024-10-01 2025-12-31
Y 2023-07-01 2024-09-30
Y 2022-07-01 2023-06-30
Y 2021-07-01 2022-06-30
Y 2020-07-01 2021-06-30
Y 1900-01-01 2005-06-30

Publisher: Lahore School of Economics, Lahore

Country: Pakistan

Year: 2005

Volume: 10

Issue: 2

Language: English

DOI: https://doi.org/10.35536/lje.2005.v10.i2.a3

Categories
Asset Pricing Models (1) Capital Asset Pricing Model (3) Financial Economics (212) Critique (10) Investment Theory (6)

Abstract

Most behavioral sciences based on rationality have simplistic assumptions; and the same is true about consumption or investment decisions. The aim of such studies is to maximize either utility or wealth. The entire ‘financial economics’ theory revolves around an investor who wants to maximize his return at some given level of risk. To determine the optimal return at a given level of risk or an optimal risk for a given level of return has been widely discussed in the financial literature consequently raising the issue of asset pricing in financial markets.

Paper summary is not available for this article yet.

Loading PDF...

Loading Statistics...