The Capital Asset Pricing Model, commonly known as CAPM, is a financial model that calculates the expected return on an investment based on its risk compared to the broader market. Developed in ...

The Fama and French Three-Factor Model improves upon the Capital Asset Pricing Model by including size and value risk factors, better explaining differences in diversified portfolio returns ...

We show that the external habit-formation model economy of Campbell and Cochrane (1999) can explain why the Capital Asset Pricing Model (CAPM) and its extensions are better approximate asset pricing ...

Thomas H. Naylor, Francis Tapon, The Capital Asset Pricing Model: An Evaluation of Its Potential As a Strategic Planning Tool, Management Science, Vol. 28, No. 10 ...