Is CAPM a Behavioral Model? Estimating Sentiments from Rationalism
(2018)
Journal Article
Apergis, N., & Rehman, M. U. (2018). Is CAPM a Behavioral Model? Estimating Sentiments from Rationalism. Journal of Behavioral Finance, 19(4), 442-449. https://doi.org/10.1080/15427560.2018.1431885
The authors investigate the role of investor sentiment in asset pricing. In particular, they explore whether this investor sentiment has the ability to be predicted by the residuals from the capital asset pricing model (CAPM). The analysis makes use... Read More about Is CAPM a Behavioral Model? Estimating Sentiments from Rationalism.