Munich Personal RePEc Archive

The capital asset pricing model and the investment horizon: Comment

Hawawini, Gabriel and Vora, Ashok (1981): The capital asset pricing model and the investment horizon: Comment. Published in: The Review of Economics and Statistics , Vol. 64, (November 1981): pp. 633-647.

[img]
Preview
PDF
MPRA_paper_44904.pdf

Download (540kB) | Preview

Abstract

In this comment to a paper by Levhari and Levy published in this journal on February 1977 we provide evidence that shows that their conclusion does not hold if one applies the model to a large sample of common stocks.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.