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Cited by 605

The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.

Portfolio Selection and Asset Pricing Models

Open access
Pástor, Ľuboš·2000·The Journal of Finance
DOI 10.1111/0022-1082.00204
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Abstract

Finance theory can be used to form informative prior beliefs in financial decision making. This paper approaches portfolio selection in a Bayesian framework that incorporates a prior degree of belief in an asset pricing model. Sample evidence on home bias and value and size effects is evaluated from an asset‐allocation perspective. U.S. investors' belief in the domestic CAPM must be very strong to justify the home bias observed in their equity holdings. The same strong prior belief results in large and stable optimal positions in the Fama–French book‐to‐market portfolio in combination with the market since the 1940s.

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Metadata

Authors
Pástor, Ľ.
Venue
The Journal of Finance
Publisher
Wiley
Published
2000-02
Volume
55
Issue
1
Pages
179-223
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/0022-1082.00204
OpenAlex
W3125678160
Cited by
605
References
2
FWCI
35.88
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Portfolio Selection and Asset Pricing Models. https://app.cochat.ai/papers/10.1111/0022-1082.00204
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Pástor, Ľ. (2000). Portfolio Selection and Asset Pricing Models. The Journal of Finance. https://doi.org/10.1111/0022-1082.00204

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.