Rethinking the Size Effect and the Risk-Free Rate in Appraisal Proceedings
The capital asset pricing model (CAPM) may not accurately predict the returns of small public companies, suggesting a negative risk-free rate may be more accurate.
Featured in No. 50 on 22 May 2024 · 2 days after release · 0 citations today
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- 20 May 2024
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- No. 50 · 22 May 2024
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- SSRN 4834556
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