USED MODELS AND CRITERIA FOR ASSET YIELDS EXPLANATION

Abstract

There were compared two known models (CAPM and TPA resuting the model describing better, in case of Romania , cashings and variation of cashings for ensured guarantees.There were taken into account monthly cashings (1.01.2005-31.12.2010 period) of 60 companies listed at Bucharest Stock Exchange (BVB).

Keywords

• CAPM – Capital Asset Pricing Model
• TPA – Arbitrage Pricing Theory