Note—The Capital Asset Pricing Model and Strategic Planning
Published Online:1 Apr 1985https://doi.org/10.1287/mnsc.31.4.510
Abstract
We make two clarifying comments on a recent paper by Naylor and Tapon (Naylor, T. H., F. Tapon. 1982. The capital asset pricing model: An evaluation of its potential as a strategic planning tool. Management Sci.28 1166–1173.). The conclusions of their paper are significantly affected by this.
