Abstract

http://ssrn.com/abstract=1967362
 
 

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A Study on Developing of Asset Pricing Models


Reza Raei


Management Faculity, University of Tehran

Hamed Ahmadinia


IAU - Management and Accounting Faculty - Shahre E. Ray Branch

Amaneh Hasbaei


Management Faculty, Kish Campus, Tehran University

October 1, 2011

International Business Research, 2011, 4 (4):139-152.

Abstract:     
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: E22

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Date posted: December 3, 2011 ; Last revised: April 29, 2012

Suggested Citation

Raei, Reza and Ahmadinia, Hamed and Hasbaei, Amaneh, A Study on Developing of Asset Pricing Models (October 1, 2011). International Business Research, 2011, 4 (4):139-152.. Available at SSRN: http://ssrn.com/abstract=1967362

Contact Information

Reza Raei
Management Faculity, University of Tehran ( email )
Tehran
Iran
Hamed Ahmadinia (Contact Author)
IAU - Management and Accounting Faculty - Shahre E. Ray Branch ( email )
Tehran
Iran
Amaneh Hasbaei
Management Faculty, Kish Campus, Tehran University ( email )
Tehran
Iran
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