A Study on Developing of Asset Pricing Models
Management Faculity, University of Tehran
IAU - Management and Accounting Faculty - Shahre E. Ray Branch
Management Faculty, Kish Campus, Tehran University
October 1, 2011
International Business Research, 2011, 4 (4):139-152.
This study introduces the development and modifications of the widely used standard capital asset pricing model (CAPM). Many modifications are applied to the model’s challenging financial variables such as: financial risk factors, liquidity risks, downside risks, risk of non expected events, and economic and operational risk factors. Efficiency of the model is increased when applying various challenging financial variables. As a result of the gradual CAPM developments, various new models will present better interpretations of market conditions in economic units and portfolio structure. Furthermore, this study will show the importance of applying the new models advantages and disadvantages for financial managers, financial analysts and investors.
Number of Pages in PDF File: 14
Keywords: capital asset pricing models, behavioral theory, portfolio management
JEL Classification: E22Accepted Paper Series
Date posted: December 3, 2011 ; Last revised: April 29, 2012
© 2014 Social Science Electronic Publishing, Inc. All Rights Reserved.
This page was processed by apollo1 in 1.625 seconds