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| 題 名 | An Enquiry onto the Theoretical Asset Pricing and Its Traditional Approaches |
|---|---|
| 作 者 | Kazi, Mazharul H.; | 書刊名 | Academy of Taiwan Business Management Review |
| 卷 期 | 4:3 2008.12[民97.12] |
| 頁 次 | 頁178-197 |
| 分類號 | 563.54 |
| 關鍵詞 | Asset pricing; Securities pricing; CAPM; APT; Financial economics; |
| 語 文 | 英文(English) |
| 英文摘要 | This paper reviews the literature of theoretical asset pricing as the performance of the stock market is often thought as an important indicator of the health of the overall economy of a nation. In reality, when the stock market tumbles, investors as well as common people become nervous about the weakness of the economy. Alternatively, every one senses an economic prosperity when the stock market is strong. The performance of a stock market typically reflects market prices or values of stocks. The broader aspect of the valuation relates to time horizon and composite nature of risks imposed on investors. As this notion is becoming familiar to all of us, modern financial analysis is becoming more concerned with sources of common risk factors that contribute to changes in security prices or values. By identifying such factors, investors attempt to control their investment risks and improve their investment returns. Since risks and returns together play a vital role in the process of asset pricing, it is important for investors to understand security market behavior and its underlying theories. Accordingly, readers of both professional and academic audiences would benefit from this paper. |
本系統中英文摘要資訊取自各篇刊載內容。