EVOLUTION OF MODERN PORTFOLIO THEORY - PART I

Author: Angel Marchev, Jr. (University for National and World Economy, Sofia)

Keywords: Markovitz model, Single index model, Multifactor models, Tobin's Theorem, Capital asset pricing model, zero beta model, arbitrage pricing theory.

The modern portfolio theory deservingly is acknowledged as one of the highest achievements in financial science. Many researchers have helped its fast development, enrichment and complication. At the same time the theory presents opportunities for many new scientific achievements. A chronological theoretical review of all its essential theoretical models is done in the paper.
Bulgarian Download Bulgariаn

More articles

The budget of the European Union and the forthcoming participation of Republic of Bulgaria in it
This article examines the questions related to the revenue and expenditure of the European union budget. It discusses the…

The National operational programmes and the absorption of the European funds
This article examines the process of creation and adaptation of the national Operational Programmes to the European Union…

Stategic tasks of Bulgaria in the field of science and techological development in accordance with the trnds in the EU policies in the period 2006 -2013
The article points out the basic strategic goals in the field of science and technological development, built in: -the Government…