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

页码：3 / 24

页数：22

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