This paper studies the impact of factors that are external to firms and demonstrates that CAPM betas will be unaffected by such an external factor if the factor affects the equity return uniformly across the markets as a whole.
| Item Type: |
Article (Commonwealth Reporting Category C)
|
| Refereed: |
Yes |
| Item Status: |
Live Archive |
| Additional Information: |
Permanent restricted access to published version due to publisher copyright restrictions (Springer). |
| Faculty/School / Institute/Centre: |
Historic - Faculty of Business and Law - School of Accounting, Economics and Finance (1 Jan 2011 - 30 Jun 2013) |
| Faculty/School / Institute/Centre: |
Historic - Faculty of Business and Law - School of Accounting, Economics and Finance (1 Jan 2011 - 30 Jun 2013) |
| Date Deposited: |
18 Jun 2012 03:09 |
| Last Modified: |
14 Feb 2018 04:46 |
| Uncontrolled Keywords: |
CAPM; carbon tax; economic modelling |
| Fields of Research (2008): |
15 Commerce, Management, Tourism and Services > 1502 Banking, Finance and Investment > 150201 Finance
15 Commerce, Management, Tourism and Services > 1502 Banking, Finance and Investment > 150205 Investment and Risk Management
14 Economics > 1402 Applied Economics > 140215 Public Economics-Taxation and Revenue |
| Fields of Research (2020): |
35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350202 Finance
35 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 3502 Banking, finance and investment > 350208 Investment and risk management
38 ECONOMICS > 3801 Applied economics > 380115 Public economics - taxation and revenue |
| Socio-Economic Objectives (2008): |
B Economic Development > 91 Economic Framework > 9101 Macroeconomics > 910109 Savings and Investments
B Economic Development > 91 Economic Framework > 9102 Microeconomics > 910205 Industry Policy |
| Identification Number or DOI: |
https://doi.org/10.1007/s11293-012-9304-8 |
| URI: |
http://eprints.usq.edu.au/id/eprint/20771 |
 |
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