Risk, Return, and Equilibrium: Empirical Tests
1973/05/01 by Eugene F. Fama, James D. MacBeth · 15,159 citations
Economics, Econometrics and Finance · #Capital asset pricing model #Complex Systems and Time Series Analysis #Econometrics #Economics #Expected return #Financial Markets and Investment Strategies #Financial economics #Market portfolio #Market risk #Modern portfolio theory #Monetary Policy and Economic Impact #Portfolio #Rate of return on a portfolio #Risk–return spectrum #Stock exchange
paper · doi:10.1086/260061
published in Journal of Political Economy 81(3), 607-636 (University of Chicago Press)
openalex publication_date 1973/05/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/08/05
Abstract
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