投资学课件第9章CAPM教学教案.pptVIP

4-* Handout 5 投资学 Investments CAPM是现代金融经济学的核心之一。 It is the equilibrium model that underlies all modern financial theory. Derived using principles of diversification with simplified assumptions. Markowitz, Sharpe, Lintner and Mossin are researchers credited with its development. 1. Capital Asset Pricing Model (CAPM) Related literature Markowitz, Harry M. (1952). Portfolio Selection, Journal of Finance, 7 (1), 77-91. Sharpe, William F. (1964). Capital asset prices: A theory of market equilibrium under conditions of risk, Journal of Finance, 19 (3), 425-442. Lintner, John (1965). The valuation