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Author = Mohsseni Demneh, Ghassem

Number of Articles: 1
How to Test the Arbitrage Pricing Theory (APT)

Ghassem Mohsseni Demneh

Volume 7, Issue 27 , January 2008, , Pages 219-245

Abstract
  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 called ...  Read More