资本资产定价模型(CAPM)下芬兰股票市场的风险收益关系

Journal of Transnational Management Pub Date : 2019-07-18 DOI:10.1080/15475778.2019.1641394

Shab Hundal, Anne Eskola, D. Tuan

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引用次数: 13

摘要

风险与收益的关系一直是投资者和学术界感兴趣的话题。资本资产定价模型(Capital Asset Pricing Model，简称CAPM)是金融领域最重要的理论基础之一。目前的研究检查，首先，在芬兰股票市场背景下的回报和风险之间的关系，其次，以确定芬兰公司的实现回报是否突出/表现不佳。研究结果表明，风险收益关系一直在同步工作，并且样本公司的股票收益已被观察到比市场指数波动较小。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Risk–return relationship in the Finnish stock market in the light of Capital Asset Pricing Model (CAPM)

Abstract The relationship between the risk and return has always been a topic of interest to investors and academics. Capital Asset Pricing Model (hereafter, CAPM) is one of the most important theoretical foundations in the field of finance. The current study examines, first, the relationship between return and risk in the context of the Finnish stock market, and second, to identify if the realized return of Finnish companies highlights over/under-performance. The findings indicate that the risk–return relationship has been working in sync and the stock return of sample firms have been observed to be less volatile than the market index.

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来源期刊

Journal of Transnational Management Social Sciences-Development

CiteScore

2.30

自引率

0.00%

发文量

期刊介绍： As the economic marketplace expands across continents and cultures, it is essential to establish a world-wide network of ideas and information that serves your transnational business interests. The Journal of Transnational Management (retitled from the Journal of Transnational Management Development to better reflect its focus) is an international forum that examines management research, teaching and training techniques, consulting, and development issues from a multicultural perspective, presenting practical business strategies that produce results on a global scale. The Journal of Transnational Management is a comprehensive resource for management in foreign environments, presenting an exchange of conceptual and empirical research on an international level. Articles written by business practitioners, management development experts, and academicians address issues related to firms, public enterprises, educational institutions, and nonprofit organizations throughout the world.