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Part of book or chapter of book . 1987 . Peer-reviewed
License: Springer TDM
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Part of book or chapter of book . 2013 . Peer-reviewed
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Part of book or chapter of book . 2011 . Peer-reviewed
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https://doi.org/10.1007/978-1-...
Part of book or chapter of book . 1989 . Peer-reviewed
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Arbitrage Pricing Theory

descriptionPublicationkeyboard_double_arrow_right Part of book or chapter of book , Other literature type , Research 01 Jan 1987 English Publisher:Palgrave Macmillan
Authors: Huberman, Gur;

doi: 10.1057/9781137336583.0055 , 10.1057/9780230226203.1990 , 10.1007/978-1-349-20213-3_5 , 10.1057/978-1-349-95121-5_374-1

handle: 10419/60653

Arbitrage Pricing Theory

Abstract

The Arbitrage Pricing Theory (APT) is due to Ross (1976a, 1976b). It is a one period model in which every investor believes that the stochastic properties of capital assets’ returns are consistent with a factor structure. Ross argues that if equilibrium prices offer no arbitrage opportunities, then the expected returns on these capital assets are approximately linearly related to the factor loadings. (The factor loadings are proportional to the returns’ covariances with the factors.)

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Keywords

factor model, ddc:330, Capital Asset Pricing Model, Arbitrage Pricing, asset pricing model, G12, arbitrage, Theorie

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
3
Average
Average
Average
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