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Encyclopedia of Finance pp 376–383Cite as

Conditional asset pricing

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Abstract

Conditional asset pricing studies predictability in the returns of financial assets, and the ability of asset pricing models to explain this predictability. The relation between predictability and asset pricing models is explained and the empirical evidence for predictability is summarized. Empirical tests of conditional asset pricing models are then briefly reviewed.

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Author information

Authors and Affiliations

  1. Boston College, Chestnut Hill, USA

    Wayne E. Ferson

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  1. Wayne E. Ferson
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Editor information

Editors and Affiliations

  1. Rutgers University, New Brunswick/Piscataway, USA

    Cheng-Few Lee

  2. San Francisco State University, San Francisco, USA

    Alice C. Lee

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© 2006 Springer Science+Business Media, Inc.

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Ferson, W.E. (2006). Conditional asset pricing. In: Lee, CF., Lee, A.C. (eds) Encyclopedia of Finance. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-26336-6_35

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  • DOI: https://doi.org/10.1007/978-0-387-26336-6_35

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-0-387-26284-0

  • Online ISBN: 978-0-387-26336-6

  • eBook Packages: Business and Economics

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