略论资本资产定价模型及在我国证券市场中的应用

资本资产定价模型是用来研究证券的均衡价格确定方法的一种预测模型,它的应用是建立在证券市场有较高的运行效率的基础之上的。我国证券市场效率较低,影响了模型的应用。应针对我国证券市场效率低下的原因进行具体分析,以提高资本资产定价模型在我国证券市场的适用性。

Capital Asset Pricing Model is a forecasting model with which we study the positive method of the balanced price of the securities. Its application is based on the more efficient securities market. Our country's securities market has a low efficiency, therefore it hinders the application of this model. The reason of the low efficiency should be analyzed in order to make this model practical in our country's securities market.