Economic Themes (2013) 51 (1) 8, 139-154
Almir Alihodžić
Abstract: CAPM model is the ratio of expected return and systematic risk (individual) investment, which in turn means taking into account the general view that investor behave in the market with risk aversion, to a higher level of systematic risk and provides a higher level of expected yield and vice versa. This paper will be focused more on the possibility of applying CAPM model in the evaluation of the most liquid shares of successful comapanies listed on the Sarajevo Stock Exchange but being a part of SASX – 30 index, and those listed on the Banja Luka Stock Exchange entering BIRS index.
Keywords: expected yield; coefficient beta; systematic risk; unsystematic risk
APPLICATION OF THE CAPM FOR PRICING THE SECURITIES IN CAPITAL MARKET OF BOSNIA AND HERCEGOVINA
Almir Alihodžić
Abstract: CAPM model is the ratio of expected return and systematic risk (individual) investment, which in turn means taking into account the general view that investor behave in the market with risk aversion, to a higher level of systematic risk and provides a higher level of expected yield and vice versa. This paper will be focused more on the possibility of applying CAPM model in the evaluation of the most liquid shares of successful comapanies listed on the Sarajevo Stock Exchange but being a part of SASX – 30 index, and those listed on the Banja Luka Stock Exchange entering BIRS index.
Keywords: expected yield; coefficient beta; systematic risk; unsystematic risk
