摘要
本文从金融一体化对投资组合选择及资产定价影响的角度出发,对西方国际资产定价模型进行了梳理和分析,对比了各类模型所适用的市场条件、投资者行为及由此决定的资产组合选择和定价,最后提出这类模型对于分析我国金融市场开放微观效应的理论价值。
This paper analyzes western international asset pricing models from a view of financial integration effects on investment portfolio choice and assest pricing. Also compares assumptions and conclusions of different models on market conditions, investor behavior and asset pricing. Then explains theoretical value of these models on analyzing mico-effects of our financial market opening.
出处
《未来与发展》
2012年第9期64-68,共5页
Future and Development
基金
陕西省社会科学基金项目(11E027)
陕西省教育厅人文社会科学专项科研计划项目(11JK0106)
西安市社科基金项目(12J131)
关键词
金融一体化
投资组合
资产定价
financial integration
investment portfolio
asset pricing
