【摘要】 资本资产定价模型(CAPM)是目前证券市场上应用最广泛的模型。但是同时,它也存在一定的局限性。首先,论述了资本资产定价模型的由来和应用范围;然后,从资本资产定价模型的假设和参数估计方面,提出了资本资产定价模型的局限性;并论述了该模型在我国证券市场的适应性。针对此模型的局限性,目前大量学者发展了CAPM,但是仍然没有一个模型能完全替代资本资产定价模型。更多还原

【Abstract】 The Capital Asset Price Model (CAPM) use the most extensive model on the security market at present. But at the same time, it has certain limitation . At first this text expounded the origin and range of application of the the Capital Assets Price Model, then propose the limitation of the model from the Capital Assets Model’s assumption and parameter estimation. And this text described this model’s adaptability in the security market of our country.To limitation of this model, a large number of scholar develop CAPM at present, but no one model can still substitute the Capital Assets Price Model totally.更多还原