摘要
本文推导出一个包含流动性的资本资产定价模型,该模型以一个新的视角揭示了金融市场异象的形成机理,具有较强的理论指导意义.
This paper derives a capital asset pricing model with liquidity. The model reveals the formation mechanism of anomalies in financial market from a new perspective and has strong theoretical implications.
出处
《经济数学》
2008年第4期367-372,共6页
Journal of Quantitative Economics
