2nd International Conference On Systems Engineering and Modeling (ICSEM-13)

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

Authors
Peng Zhang, Xianghuan Meng
Corresponding Author
Peng Zhang
Available Online April 2013.
DOI
https://doi.org/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.
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Proceedings
2nd International Conference On Systems Engineering and Modeling (ICSEM-13)
Part of series
Advances in Intelligent Systems Research
Publication Date
April 2013
ISBN
978-94-91216-42-8
ISSN
1951-6851
DOI
https://doi.org/10.2991/icsem.2013.136How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

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  - 2nd International Conference On Systems Engineering and Modeling (ICSEM-13)
PB  - Atlantis Press
SN  - 1951-6851
UR  - https://doi.org/10.2991/icsem.2013.136
DO  - https://doi.org/10.2991/icsem.2013.136
ID  - Zhang2013/04
ER  -