Richard Roll and Stephen A. Ross The APT, Prof. Tyler Shumway, University of Michigan Business School The arbitrage pricing theory Investment Analysts Society of South Africa References on the Arbitrage Pricing Theory, Prof. Robert A. Korajczyk, Kellogg School of Management Chapter 12: Arbitrage Pricing Theory (APT), Prof. Jiang Wang, Massachusetts Institute of Technology. Arbitrage Portfolio theories Pricing Financial models