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The Impact of Ross’s Exploration of APT on Our Research

Edwin J. Elton and Martin J. Gruber
The Journal of Portfolio Management Special Issue Dedicated to Stephen A. Ross 2018, 44 (6) 98-107; DOI: https://doi.org/10.3905/jpm.2018.44.6.098
Edwin J. Elton
is professor emeritus and scholar in residence in the Stern School of Business at New York University in New York, NY
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Martin J. Gruber
is professor emeritus and scholar in residence in the Stern School of Business at New York University in New York, NY
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Article Information

vol. 44 no. 6 98-107
DOI 
https://doi.org/10.3905/jpm.2018.44.6.098

Published By 
Pageant Media Ltd
Print ISSN 
0095-4918
Online ISSN 
2168-8656
History 
  • Published online July 2, 2018.

Copyright & Usage 
© 2018 Pageant Media Ltd

Author Information

  1. Edwin J. Elton
    1. is professor emeritus and scholar in residence in the Stern School of Business at New York University in New York, NY. (eelton{at}stern.nyu.edu)
  2. Martin J. Gruber
    1. is professor emeritus and scholar in residence in the Stern School of Business at New York University in New York, NY. (mgruber{at}stern.nyu.edu)
  1. To order reprints of this article, please contact David Rowe at drowe{at}iijournals.com or 212-224-3045.
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The Journal of Portfolio Management: 44 (6)
The Journal of Portfolio Management
Vol. 44, Issue 6
Special Issue Dedicated to Stephen A. Ross 2018
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The Impact of Ross’s Exploration of APT on Our Research
Edwin J. Elton, Martin J. Gruber
The Journal of Portfolio Management Jun 2018, 44 (6) 98-107; DOI: 10.3905/jpm.2018.44.6.098

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The Impact of Ross’s Exploration of APT on Our Research
Edwin J. Elton, Martin J. Gruber
The Journal of Portfolio Management Jun 2018, 44 (6) 98-107; DOI: 10.3905/jpm.2018.44.6.098
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  • Article
    • Abstract
    • THE APT MODEL
    • ESTIMATING THE NUMBER OF FACTORS IN THE APT
    • APPLICATIONS TO OTHER AREAS
    • THE RETURN-GENERATING PROCESS, APT, MUTUAL FUND PERFORMANCE, AND SEPARATE ACCOUNT PERFORMANCE
    • PREDICTABILITY
    • CONCLUSION
    • ENDNOTES
    • REFERENCES
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