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.
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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.
| Item Type: | MPRA Paper |
|---|---|
| Original Title: | The capital asset pricing model and the investment horizon: Comment |
| Language: | English |
| Keywords: | Capital asset pricing model; investment horizon |
| Subjects: | G - Financial Economics > G1 - General Financial Markets > G12 - Asset Pricing ; Trading Volume ; Bond Interest Rates |
| Item ID: | 44904 |
| Depositing User: | Gabriel Hawawini |
| Date Deposited: | 09 Mar 2013 19:44 |
| Last Modified: | 28 Sep 2019 16:14 |
| References: | Levhari, D; and H. Levy "The CAPM and the investment horizon", The Review of Economics and Statistics, February 1977, pp. 92-104. |
| URI: | https://mpra.ub.uni-muenchen.de/id/eprint/44904 |
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