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Journal article
Do instructors practice full disclosure when teaching the CAPM?
Advances in Financial Education, Vol.34, pp.89-101
34
2008
Abstract
The capital asset pricing model (CAPM) has been an important tool in finance since its initial derivation by Sharpe (1964) and Lintner (1965). Debate has since ensued regarding the CAPM’s validity; thus, the importance of the CAPM has fluctuated through time. This is most evident in the classroom. How important is the CAPM to the undergraduate finance student’s training? What degree of detail does the finance instructor demand of students introduced to the CAPM? And how do undergraduate instructors portray the status of the CAPM debate to their students? We survey 86 undergraduate finance instructors and report how they broach one of the most important, yet divisive, topics in finance.
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Details
- Title
- Do instructors practice full disclosure when teaching the CAPM?
- Publication Details
- Advances in Financial Education, Vol.34, pp.89-101
- Resource Type
- Journal article
- Publisher
- Finance Education Association; United States
- Series
- 34
- Copyright
- © FEA 2008
- Identifiers
- 99380090645906600
- Academic Unit
- Accounting and Finance; Lewis Bear Jr. College of Business
- Language
- English