Is CAPM dead? Beta, multi-factor models and what to keep
For finance directors, chief accountants and owners who must pick a discount rate for a project. Three original papers show CAPM is not dead, but a single beta is not a number to trust. What survives is the argument about risk.
#capm#he-so-beta#fama-french#chi-phi-von#ty-suat-chiet-khau
