The theory of cost of capital (long-term) assets [Sharpe, 1964, Lintner, 1965, Mossin, 1966] based on G. Markovits's model [Markovitz, 1952,1059], for many years forms base for estimated calculations in the investment analysis and corporate finance. But it implicitly means an assumption that the...

When forming an investment portfolio there are two effects influencing its not systematic risk. And if the first of them – diversification – is well studied, the second – an inequality of specific risk of components of a portfolio – remained on the periphery. In works and by the...

When forming an investment portfolio two effect occur affecting its non-systematic risk. The first of them (diversification) is well studied, but the second one (inequality of specific risk of the portfolios components) remains at the periphery. In (Limitovsky and Minasyan 2009, 2010) it is...

The theory of capital (long-term) assets value (Sharpe, 1964, Lintner, 1965, Mossin, 1966), based on G. Markovitz's model (Markovitz, 1952,1059), has served for many years as the basis for valuations in the investment analysis and corporate finance. However, implicitly, this theory contains an...