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Medientyp:
E-Artikel
Titel:
The Capital Asset Pricing Model
Beteiligte:
Perold, André F
Erschienen:
American Economic Association, 2004
Erschienen in:Journal of Economic Perspectives
Sprache:
Englisch
DOI:
10.1257/0895330042162340
ISSN:
0895-3309
Entstehung:
Anmerkungen:
Beschreibung:
<jats:p> 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. </jats:p>