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A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory
Journal of Financial Economics · 1977 · Vol. 4(2) · pp. 129–176
Richard Roll✉(University of California, Los Angeles)
Financial Markets and Investment StrategiesStochastic processes and financial applicationsComplex Systems and Time Series AnalysisCapital asset pricing modelEconometricsPortfolioModern portfolio theoryInvestment theoryEquivalence (formal languages)TestabilityArbitrage pricing theoryEconomicsInference
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References
CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*
The Journal of Finance · 1964 · 17,333 citations
Risk, Return, and Equilibrium: Empirical Tests
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