Transcript
Page 1: CAPM Theory and evidence

The Capital Asset Pricing Model: Theory and Evidence

Eugene F. Fama; Kenneth R. French

The Journal of Economic Perspectives, Vol. 18, No. 3. (Summer, 2004), pp. 25-46.

Stable URL:

http://links.jstor.org/sici?sici=0895-3309%28200422%2918%3A3%3C25%3ATCAPMT%3E2.0.CO%3B2-X

The Journal of Economic Perspectives is currently published by American Economic Association.

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available athttp://www.jstor.org/about/terms.html. JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtainedprior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content inthe JSTOR archive only for your personal, non-commercial use.

Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained athttp://www.jstor.org/journals/aea.html.

Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printedpage of such transmission.

JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. Formore information regarding JSTOR, please contact [email protected].

http://www.jstor.orgTue Jan 16 13:14:16 2007

Page 2: CAPM Theory and evidence
Page 3: CAPM Theory and evidence
Page 4: CAPM Theory and evidence
Page 5: CAPM Theory and evidence
Page 6: CAPM Theory and evidence
Page 7: CAPM Theory and evidence
Page 8: CAPM Theory and evidence
Page 9: CAPM Theory and evidence
Page 10: CAPM Theory and evidence
Page 11: CAPM Theory and evidence
Page 12: CAPM Theory and evidence
Page 13: CAPM Theory and evidence
Page 14: CAPM Theory and evidence
Page 15: CAPM Theory and evidence
Page 16: CAPM Theory and evidence
Page 17: CAPM Theory and evidence
Page 18: CAPM Theory and evidence
Page 19: CAPM Theory and evidence
Page 20: CAPM Theory and evidence
Page 21: CAPM Theory and evidence
Page 22: CAPM Theory and evidence
Page 23: CAPM Theory and evidence

Top Related