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on the Ghana Stock Exchange," International Journal of Business and Economics, Vol.
1975), Some Tests of the Arbitrage Pricing Theory
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Burmeister (1988) Arbitrage Pricing Theory
as a Restricted Nonlinear Multivariate Regression Model: Iterated Nonlinear Seemingly Unrelated Regression Estimates.
Ross, "A Practitioners' Guide to Arbitrage Pricing Theory
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The uninspiring performance of traditional asset pricing models such as the CAPM and arbitrage pricing theory
(APT) has given an impetus to behavioral finance because the traditional asset pricing models require that all of the predictable patterns in asset returns, both short and long run, be traceable to differences in loadings in economically meaningful risk factors.
The arbitrage pricing theory
(APT) draws on Arrow-Debreu securities pricing in which N fundamental securities span all future possible states of nature.
The efficient market hypothesis is the foundation for many of the standard asset pricing models including the CAPM, Arbitrage Pricing Theory
(APT), and the Black-Scholes option pricing model.