Using international capital asset pricing model in estimating the financial returns required for the international investment portfolio
DOI:
https://doi.org/10.36394/jhss/16/1B/9Keywords:
International Capital Asset Pricing Model (ICAPM), International Risk Free Rate (IRF), International correlation Index (ICI), International Risk Index (Iβ)Abstract
The purpose of the current study is to estimate the International Capital Asset Pricing Model through establishing the international investment portfolio. This is based on the data estimation of local capital assets at the pricing model plus the expected returns and Possible risks within the international scope.
This study gives a formation of an international investment portfolio that includes international a number of mobile operators , some of Zain Group Companies include :Kuwait, Jordan, Sudan, Iraq and Bahrain. The Study relies on the annual reports that were published for these mobile operator Groups for the period 2007 to 2016.
The most important result of the study is that the capital asset pricing model at the international level gives a more realistic picture of the rates of required returns on investment, particularly in the international diversification of these investments that results in an increase in the rates of required returns.
References
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