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Massachusetts Institute of Technology and University of Toronto, respectively. The authors are grateful to the London Graduate School of Business Studies for research support, and to Fischer Black, Richard Brealey, Michael Brennan, Robert Merton, and Mark Rubinstein for helpful criticism of early drafts of the paper.
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CAPITAL BUDGETING AND THE CAPITAL ASSET PRICING MODEL: GOOD NEWS AND BAD NEWS
Article first published online: 30 APR 2012
DOI: 10.1111/j.1540-6261.1977.tb03272.x
1977 The American Finance Association
Additional Information
How to Cite
Myers, S. C. and Turnbull, S. M. (1977), CAPITAL BUDGETING AND THE CAPITAL ASSET PRICING MODEL: GOOD NEWS AND BAD NEWS. The Journal of Finance, 32: 321–333. doi: 10.1111/j.1540-6261.1977.tb03272.x
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Massachusetts Institute of Technology and University of Toronto, respectively. The authors are grateful to the London Graduate School of Business Studies for research support, and to Fischer Black, Richard Brealey, Michael Brennan, Robert Merton, and Mark Rubinstein for helpful criticism of early drafts of the paper.
Publication History
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
