An asset pricing model that captures all the proper factors which affect the price of an asset seems to be a far-off reality according to the evidence of the existing ones.
This dissertation will be a literature review of four asset pricing models, discussing their structure, their achievements, as well as their weaknesses. These models are the capital asset pricing model (CAPM), the three-factor model of Fama and French, the liquidity-augmented capital asset pricing m...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
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2007
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| Online Access: | https://eprints.nottingham.ac.uk/21177/ |