n Investment Analysts Journal - The CAPM in an options pricing framework

This is currently unavailable for purchase.



Extracted from text ... Number 52 - Part 4 M Ward* The CAPM in an options pricing framework Wits Business School, University of the Witwatersrand, PO Box 98, Wits 2050, Republic of South Africa. Email: ward.m@wbs.wits.ac. za 1. Introduction The CAPM of Sharpe (1964), Lintner (1965) and Markowitz (1952) provides a parsimonious framework for understanding the risk-return relationship between securities. It has received (and largely survived) extensive criticism, but despite the theoretical elegance and pedagogic simplicity, it does not satisfy the day to day realities of fund managers. There are possibly several reasons for this, but two in particular are examined in this paper; ..


Article metrics loading...

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error