References in periodicals archive ?
Stephen, 1980, "An Empirical Investigation of the Arbitrage Pricing Theory," Journal of Finance, Vol.
The paper tests whether a GARCH measure of income uncertainty is a priced factor in the arbitrage pricing theory.
These include the more traditional comparable earnings and discounted cash flow (dcf) approaches; and the more modern capital asset pricing model (CAMP), with the closely related arbitrage pricing theory.
1) The paper extends Ross's [1976] arbitrage pricing theory to an international environment with PPP deviations.