The introduction of the Capital Asset Pricing Model in 1964, and its
subsequent study by hundreds of thousands if not millions of people at
universities throughout the world, has had far reaching consequences in
terms of the way portfolios were constructed for many insurance and
pension funds. It has affected the investment philosophies of large
numbers of investors as well as influenced the calculations of firms costs of
capital. Countless investment proposals have been accepted or rejected
based on what the Capital Asset Pricing model has calculated the minimum
return demanded by shareholders to be. This dissertation looks at the
empirical evidence supporting the debate about the usefulness of the
Capital Asset Pricing model, as well as presenting evidence as to any
possible anomalies to this model on the JSE. / Thesis (MBA)-University of Natal, Durban, 2000.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:ukzn/oai:http://researchspace.ukzn.ac.za:10413/4374 |
| Date | January 2000 |
| Creators | Lyes, Paul. |
| Source Sets | South African National ETD Portal |
| Language | English |
| Detected Language | English |
| Type | Thesis |
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