The market application analysis of CAPM model in China's securities

DOI

10.2991/icsem.2013.136How to use a DOI?

Keywords

CAPM, Security, Risk, Investment

Abstract

CAPM is one of the most important decision-making problems for most organizations in portfolio selection problem. Usually the determination of the capital return on assets is the core issues of CAPM.The paper deeply makes the empirical analysis of CAPM model in Chinese stock market .The result could help Chinese investors understand pricing behavior and effectively guide the formulation of investment strategies in Chinese stock market.As a result, empirical research carried out many problems, especially no any effective test methods exist. From the former empirical test paper, the majority of results show that the CAPM does not apply to the current Chinese stock market. Therefore, Chinese stock market is still in development,not a mature market and far away from a standard market.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Peng Zhang
AU  - Xianghuan Meng
PY  - 2013/04
DA  - 2013/04
TI  - The market application analysis of CAPM model in China's securities
BT  - Proceedings of the 2nd International Conference On Systems Engineering and Modeling (ICSEM 2013)
PB  - Atlantis Press
SP  - 671
EP  - 674
SN  - 1951-6851
UR  - https://doi.org/10.2991/icsem.2013.136
DO  - 10.2991/icsem.2013.136
ID  - Zhang2013/04
ER  -