The Process of Test the Single-factor Capital Asset Pricing Model

DOI

10.2991/aebmr.k.220307.338How to use a DOI?

Keywords

Capital Asset Pricing Model; Fama-French three-factor CAPM; Australia Stock Exchange Market; Security Market Line; Cheney, Roll, and Ross five-factor CAPM

Abstract

The primary purpose is to test the Single-factor Capital Asset Pricing Model (CAPM) based on the Australian stock exchange market. At the same time, previous research explained the limitations and shortcomings of the Single-factor CAPM model and briefly introduced the optimization and change of the CAPM. This paper also points out whether investors and researchers can continue to use Treasury bonds as risk-free assets based on the high inflation rate in the United States.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Zhen Wang
PY  - 2022
DA  - 2022/03/26
TI  - The Process of Test the Single-factor Capital Asset Pricing Model
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 2059
EP  - 2062
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.338
DO  - 10.2991/aebmr.k.220307.338
ID  - Wang2022
ER  -