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The Capital Asset Pricing Model: Dead and Kicking

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The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I

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Abstract

The capital asset pricing model has been object of violent theoretical and empirical criticism in the mainstream financial literature. This chapter overviews the main controversies, presents the most innovative alternatives, and explains why the model, despite its shortcomings, remains the backbone of finance literature and financial practice.

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Notes

  1. 1.

    AmerisourceBergen, Caterpillar, Chevron, Coca Cola, Costco Wholesale, IBM, International Paper, Intuit, Johnson Controls, PepsiCo, Qualcomm, Sysco, Target, Texas Instruments, Union Pacific, United Technologies, UPS, W.W. Grainger, Walt Disney.

  2. 2.

    Bank of America Merrill Lynch, Barclays Capital, Credit Suisse, Deutsche Bank AG, Evercore Partners, Goldman Sachs & Co., Greenhill & Co, LLC, JP Morgan, Lazard, Morgan Stanley, UBS.

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Author information

Authors and Affiliations

  1. Universidad Francisco Marroquín, Guatemala City, Guatemala

    Massimiliano Neri

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  1. Massimiliano Neri
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Correspondence to Massimiliano Neri .

Editor information

Editors and Affiliations

  1. Department of Business, Saint Louis University – Madrid Campus, Madrid, Spain

    David Howden

  2. Department of Applied Economics I and History of Economic Institutions (and Moral Philosophy), Universidad Rey Juan Carlos, Madrid, Spain

    Philipp Bagus

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Neri, M. (2023). The Capital Asset Pricing Model: Dead and Kicking. In: Howden, D., Bagus, P. (eds) The Emergence of a Tradition: Essays in Honor of Jesús Huerta de Soto, Volume I. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-17414-8_18

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  • DOI: https://doi.org/10.1007/978-3-031-17414-8_18

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-031-17413-1

  • Online ISBN: 978-3-031-17414-8

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

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