资产定价理论

多因子定价模型（MultifactorPricingModel）是资产定价理论发展到套利定价理论（ArbitragePricingTheory，APT）之后的延伸，是对金融资产定价研究的重要理论突破。

The multifactor pricing model is a crucial breakthrough in asset pricing theory and a derivation or an extension of the arbitrage pricing theory ( APT ) .

自回归条件异方差（ARCH）类模型突破了传统计量经济分析的同方差假定，对现代资本资产定价理论产生了深远的影响。

Autoregressive conditional heteroscedasticity ( ARCH ) models , which broke though the assumption of constant variance of traditional econometrics , have had a profound influence to the modern capital asset pricing theory .

西方资产定价理论中的实体经济因素考察&以CAPM模型与B-S期权定价模型为例

Investigation on Factors of the Real Economy in Western Assets Pricing Models : CAPM Model and B-S Model

Chen等（2002）已经证明，只要市场存在一定程度的卖空限制而并不一定完全禁止卖空，意见分歧资产定价理论的基本结论就能够成立。

Chen et al ( 2002 ) has proved that the short sale constraint assumption is not necessarily strictly binding , so long as short-sale constraints binds to some extent , the basic results of Miller ( 1977 ) is tenable .

对于Markowitz经典的投资组合和资产定价理论，都是假设投资者已知了风险资产的期望回报率和资产波动率的前提下进行的。

For the Markowitz classic portfolio selection and asset pricing theory , it is assumed the investor knows the expected return rate and the volatility of the risky assets .

总的来说，经典的资产定价理论和市场有效理论一直占据着主流金融学的中心部分，关于EMH、CAPM的争论也一刻都没有停止过。

Generally speaking , the classical pricing theory and the theory of efficient market is in the core of mainstream finance and the argument of EMH or CAPM has never ceased .

经典的资产定价理论的基础假设之一就是投资者拥有同质信念，在此假设下，证券市场中诸如IPO之谜、动量效应、盈余惯性等金融市场异象无法得到很好的解释。

The financial market visions , such as IPO mystery , momentum effect , earnings momentum , and so on , could not be perfectly explained by the classical asset pricing theory based on assumption that investors have homogeneous beliefs .

介绍了资产定价理论的产生和发展，主要分析了随机折现因子模型（SDF）及其实证研究。

This paper introduces the emergence and development of asset-pricing theory , and then focuses on the stochastic discount factor model ( SDF ) and the empirical study .

消费CAPM的模型将风险资产定价理论与经济学当中的一般均衡结合起来，但是股权溢价之谜的提出，对模型的解释力提出了挑战。

Consumption CAPM built up a connection between asset pricing theory and the general equilibrium Economics . However ," the equity premium puzzle " poses a challenge to the explanatory power of the model .

但是，在资产定价理论近半个世纪的发展历程中，还有很多重要的模型例如消费基础资产定价模型CCAPM、条件CAPM等目前虽然在实际中还没有得到广为运用，但其理论价值却非常重大。

However , looking back the development of asset pricing theory in the last nearly half century , we will find many other models with great theoretical value emerging such as Consumption-based CAPM , conditional CAPM and so on .

随后，夏普的资本资产定价理论、罗斯的套利定价理论、Black-Scholes的期权定价理论以及JPMargan公司开发VaR风险测量方法，构造了现代风险理论的基本框架。

Afterwards , Capital assets pricing theory of Sharp , Arbitrage Pricing Theory of Ross , Option Pricing Theory of Black-Scholes and The VaR to measure risk developed by the JP Margan Company , all these structured the basic frame of the modern risk theory .

在新型开放经济宏观经济学（NOEM）的框架下，学术界不仅开始把资产定价理论应用于汇率分析，而且空前地强调汇率变动与资产价格之间的互动关系。

In the framework of the NOEM , asset pricing theories were largely integrated into exchange rate theories , and the interaction between exchange rate volatility and asset price dynamics was unprecedentedly emphasized .

首先，本文从理论上分析了资本资产定价理论模型，把折现因子m同传统的CAPM结合起来。

And its research can be divided into two aspects : one is the expansion of Capital Asset Pricing Theory ( CAPM ) and the other is the empirical analysis of the model . First , CAPM was analyzed theoretically and traditional CAPM was combined with the discount factor & m.

传统资产定价理论和资产交易理论研究

The Research on Classical Asset Pricing and Asset Trading Theory

现代资产定价理论的比较和发展

On the Comparison and Development of the Asset Pricing Theory

资本资产定价理论在台湾股票市场之实证研究

An Empirical Study of the CAPM in Taiwan Stock Market

资本资产定价理论在中国股市的实证与应用

The Empirical Test and Application of CAPM Theory in China Stock Market

动态资产定价理论中风险估计及其统计性质分析

Risk Estimation in the Theory of Dynamic Assets Evaluation and Analysis of Statistical

资产定价理论演变研究

A Study of the Development of Asset Pricing Theory

资产定价理论是金融学的核心。

Asset pricing theory is the core of finance .

本文对消费资本资产定价理论的发展进行了回顾与评述。

This paper reviews the development of the consumption-based capital asset pricing theory .

资本资产定价理论演进过程研究

Researches on the Evolution of Capital Asset Pricing Theory

资本资产定价理论与市场经济

Capital and Assets Pricing Theory and Market Economy

金融资产定价理论的基础与运用

Basis and Application of Financial Asset Pricing Theory

行为资产定价理论及其模型的实证研究

Behavioral Asset Pricing Theory and Its Empirical Study

本文主要讨论了动态资产定价理论的产生和发展。

This paper discusses mainly the origin and development of dynamic asset pricing theory .

行为资产定价理论综述

A Survey of Behavior Asset Pricing Theory

资产定价理论的发展分为两个阶段：标准金融学定价阶段和行为金融学定价阶段。

The asset pricing theory has developed from standard finance stage to behavior finance stage .

根据风险资产定价理论，确立了资本化率的计算模式。

Lastly , we borrow risk assets pricing theory to build capital discount rate counting route .

成交量与资产定价理论模型

Trading Volume and Asset Pricing Theory