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Observations on the empirical capital asset pricing model in estimating a public utility's cost of equity capital.
(1998)
The literature of the Capital Asset Pricing Model describes a fundamental bias in its empirical application. The most notable problem is that the Empirical Capital Asset Pricing Model produces betas which overestimate the ...
Embedding regional input-output and econometric models: A dynamic integration approach (DIA).
(1998)
Embedding input-output characteristics into an econometric specification at regional level has recently gained popularity. The focus of attention has been directed toward the methodology with which the input-output ...