Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)

Analysis on Application of CAPM Model in Chinese Securities Market and Its Deficiencies

Authors
Chengyu Qiuqcy010626@163.com
Zhengjiang University of Finance and Economics, Hangzhou, Zhejiang, 310018, China
Corresponding Author
Available Online 1 July 2022.
DOI
10.2991/aebmr.k.220603.004How to use a DOI?
Keywords
CAPM model; Chinese securities market; rate of return; risk
Abstract

The capital asset pricing model (CAPM), which accurately predicts the relationship between asset risk and expected return, is the cornerstone of modern financial economics. Starting from the most common unitary capital asset pricing model, this paper studies the application of the CAPM model in the Chinese securities market and discusses its current shortcomings. This paper selects the 2016-2020 Chinese Shanghai 50 index of 15 stocks with monthly returns as the research object. Using the single index model and the use of EXCEL and SPSS software to carry out the linear regression analysis, it was finally concluded that the stock with monthly returns and its market risks have a linear relationship.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
1 July 2022
ISBN
10.2991/aebmr.k.220603.004
ISSN
2352-5428
DOI
10.2991/aebmr.k.220603.004How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

TY  - CONF
AU  - Chengyu Qiu
PY  - 2022
DA  - 2022/07/01
TI  - Analysis on Application of CAPM Model in Chinese Securities Market and Its Deficiencies
BT  - Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)
PB  - Atlantis Press
SP  - 15
EP  - 21
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220603.004
DO  - 10.2991/aebmr.k.220603.004
ID  - Qiu2022
ER  -