CAPM模型在项目风险管理中的应用

Application of capital asset price model in the item risk management

在项目风险管理中引入CAPM模型,结合净现值来计算比较,为项目风险的计量和管理提供了一个很好的工具。分析了CAPM模型应用的前提条件,并对模型中的无风险投资收益率、资本市场平均投资收益率、风险校正系数β等参数进行分析确定,探讨了该模型适用的修正条件及其实际运用价值。

Introducing the CAPM model in the item risk management,calculating and comparing with net present worth,provide a very good tool for the item risk measurement and the management. The article analyzes the CAPM model application prerequisite, and has ascertained the non-venture capital yield rate,average invest yield rate in the capital market, the risk correction factor β. Finally, it discusses the model＇s suitable revision condition and its actual utilization value.