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The systematic risk estimation models: A different perspective

In practice, the capital asset pricing model (CAPM) using the parametric estimator is almost certainly being used to estimate a firm's systematic risk (beta) and cost of equity as in Eq. (1). However, the parametric estimators, even when data is normal, may not yield better performance compared...

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Bibliographic Details
Published in:Heliyon
Main Authors: Phuoc, Le Tan, Pham, Chinh Duc
Format: Artigo
Language:Inglês
Published: Elsevier 2020
Subjects:
Online Access:https://ncbi.nlm.nih.gov/pmc/articles/PMC7015987/
https://ncbi.nlm.nih.gov/pubmed/32072058
https://ncbi.nlm.nih.govhttp://dx.doi.org/10.1016/j.heliyon.2020.e03371
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