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ON NEGLIGIBILITY OF ASSET‐SPECIFIC RISKS AT THE CAPITAL MARKET EQUILIBRIUM *
Author(s) -
KWON YOUNG K.
Publication year - 1983
Publication title -
australian economic papers
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.351
H-Index - 15
eISSN - 1467-8454
pISSN - 0004-900X
DOI - 10.1111/j.1467-8454.1983.tb00439.x
Subject(s) - valuation (finance) , portfolio , diversification (marketing strategy) , economics , capital asset pricing model , financial economics , actuarial science , business , finance , marketing
Examines an economic environment in which asset-specific risk components is not compensated at the capital market equilibrium. Capital asset pricing model; Asset allocation; Characterization of mean-variance model