Transaction Costs and the Pricing of Assets

• 1 June 1981
• journal article
• Published by JSTOR in The Journal of Finance
• Vol. 36  (3) , 583-597
• https://doi.org/10.2307/2327520

Abstract

Keywords

• TRANSACTION COSTS
• ASSET PRICING
• DIVERSIFICATION
• INVESTORS
• COVARIANCE
• COSTS EXPLAINS
• CAPITAL