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Now run a formal CAPM (market model) time-series regression for each of the 100 firms (you can use the LINEST function in EXCEL to
Now run a formal CAPM ("market model) time-series regression for each of the 100 firms (you can use the "LINEST" function in EXCEL to do so). Estimate the market model over the entire sample period. Which stock has the largest beta estimate? Insert the PERMNO of the stock with the largest Beta coefficient below.
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Venture capital and the finance of innovation
Authors: Andrew Metrick
2nd Edition
9781118137888, 470454709, 1118137884, 978-0470454701
