The capital asset pricing model

被引：122
|
作者：
Perold, AF [1 ]
机构：
[1] Harvard Univ, Sch Business, Boston, MA 02163 USA
来源：
JOURNAL OF ECONOMIC PERSPECTIVES | 2004年 / 18卷 / 03期
关键词：
D O I：
10.1257/0895330042162340
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The Capital Asset Pricing Model (CAPM) revolutionized modern finance. Developed in the early 1960s by William Sharpe, Jack Treynor, John Lintner and Jan Mossin, the model provided the first coherent framework for relating the required return on an investment to the risk of that investment. This paper lays out the key ideas of the model, places its development in a historical context, and discusses its applications and enduring importance to the field of finance.
引用
收藏
页码：3 / 24
页数：22
相关论文
共 50 条
  • [1] A generalized capital asset pricing model
    Lin, CT
    MODSIM 2003: INTERNATIONAL CONGRESS ON MODELLING AND SIMULATION, VOLS 1-4: VOL 1: NATURAL SYSTEMS, PT 1; VOL 2: NATURAL SYSTEMS, PT 2; VOL 3: SOCIO-ECONOMIC SYSTEMS; VOL 4: GENERAL SYSTEMS, 2003, : 1433 - 1438
  • [2] The Lost Capital Asset Pricing Model
    Andrei, Daniel
    Cujean, Julien
    Wilson, Mungo
    REVIEW OF ECONOMIC STUDIES, 2023, 90 (06): : 2703 - 2762
  • [3] An Islamic capital asset pricing model
    Selim, Tarek
    HUMANOMICS, 2008, 24 (02) : 122 - +
  • [4] CAPITAL-ASSET PRICING MODEL
    MULLINS, DW
    HARVARD BUSINESS REVIEW, 1982, 60 (02) : 203 - &
  • [5] INTERTEMPORAL CAPITAL ASSET PRICING MODEL
    MERTON, RC
    ECONOMETRICA, 1973, 41 (05) : 867 - 887
  • [6] Sentiment capital asset pricing model
    Financial and Securities Research Center, School of Economics and Commerce, South China University of Technology, Guangzhou, China
    不详
    Int. J. Digit. Content Technol. Appl., 2012, 3 (254-261):
  • [7] A Labor Capital Asset Pricing Model
    Kuehn, Lars-Alexander
    Simutin, Mikhail
    Wang, Jessie Jiaxu
    JOURNAL OF FINANCE, 2017, 72 (05): : 2131 - 2178
  • [8] The capital asset pricing model: Theory and evidence
    Fama, EF
    French, KR
    JOURNAL OF ECONOMIC PERSPECTIVES, 2004, 18 (03): : 25 - 46
  • [9] Fat tails and the capital asset pricing model
    Adcock, CJ
    Shutes, K
    ADVANCES IN QUANTITATIVE ASSET MANAGEMENT, 2000, 1 : 17 - 39
  • [10] Capital Asset Pricing Model with Interval Data
    Piamsuwannakit, Sutthiporn
    Autchariyapanitkul, Kittawit
    Sriboonchitta, Songsak
    Ouncharoen, Rujira
    INTEGRATED UNCERTAINTY IN KNOWLEDGE MODELLING AND DECISION MAKING, IUKM 2015, 2015, 9376 : 163 - 170
12345