Considering as starting point the theory developed by H. Markowitz in the years '50, J. Treynor (1962), W. Sharpe (1964), J. Lintner (1965) and J. Moshin (1966) have elaborated the famous model for evaluating the financial assets, CAPM. This model is utilized in order to set up the expected...

The classical capital asset pricing model postulates a linear relationship between stock returns and stock risks. However, a number of subsequent empirical studies have revealed some anomalies in this relationship, especially for firms with small size and high book-to-market values. A possible...

The main objective of equity investors is the capitalized value of future benefits. In thisregard, most of the time, these investors prefer to build portfolios of financial instruments. Thisrequires the creation and permanent adaptation to the demands of the modern economy of modelsdesigned to...

Bhardwaj and Brooks (1993) and Kim and Burnie (2002) look at the size effect during expansion and recession but come to different conclusions. While Bhardwaj and Brooks report reversal of size effects, Kim and Burnie show that the size effect is strong during economic expansion. A possible...

RESUMEN La creación de fondos de inversión inmobiliaria en Colombia ha abierto posibilidades de diversificación de portafolio a agentes que deseen invertir en el sector inmobiliario sin tener que comprar y administrar finca raíz de forma directa. El comportamiento de estos fondos ha mostrado...

The risks associated with current and prospective costs of different energy technologies are crucial in assessing the efficiency of the energy mix. However, energy policy typically relies on the evolution of average costs, neglecting the covariances in the costs of the different energy...

Our paper studies the impacts of the Dieselgate scandal on the required rate of return on equity investments into VW, Daimler, and BMW. The object of investigation is the beta coefficient that determines the risk premium in the Capital Asset Pricing Model (CAPM). Our research takes a deep dive...

This paper deals with problems of modern theories of portfolio as a follow up of establishing the complex relationship of risk in the previous chapter and establishes that the analysis of the risk of a portfolio can only be made in close connection with the prognosis of profitability. Although...