EXTINDERI ALE MODELULUI CAPITAL ASSET PRICING MODEL (CAPM)

摘要

In aceasta lucrare am incercat sa prezint principalele extinderi ale modelului CAPM avand ca punct de plecare teorema centrata, a modelului. Aceasta teorema are cateva concluzii deosebit de importante, si anume: investitiile recompenseaza numai riscul sistemic, cel specific putand fi edminat prin diversificare construieste o masura a riscului sistemic exista o dependenta liniara intre randamentul necesar pentru o investitie si riscul pe care investitia il are. In this paper, I have tried to present the main extensions of CAPM having as a starting point the core theorem of the model This theorem has several conclusions extremety important, such as: investments covers onty the systemic risk the specific one 6eing excludedby diversification, conceive a measure unit for the systemic risk linear dependency between the necessary efficacy of an investment and the risk itsel for the investment.