CAPITAL ASSET PRICING MODEL: A CASE STUDY TO THE SEGMENT OF CIVIL CONSTRUCTION

Tácito Augusto Farias (), Fábio Rodrigues Moura () and Luiz Eduardo Nascimento Figueiredo ()
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Tácito Augusto Farias: UNIVERSIDADE FEDERAL DE SERGIPE
Fábio Rodrigues Moura: UNIVERSIDADE FEDERAL DA GRANDE DOURADOS
Luiz Eduardo Nascimento Figueiredo: INSTITUTO FEDERAL DE SERGIPE

Revista de Economia Mackenzie (REM), 2017, vol. 14, issue 2, 79-104

Abstract: The purpose of this article is to apply the asset pricing model known in the financial economics literature as CAPITAL ASSET PRICING MODEL, using as tools the balance sheets of the selected companies, in the period related to the years 2009 and 2010. Fundamental result: both companies in the study period had a beta of less than 1, that is, risk lower than market risk. We describe some statistical results that show the behavior of both companies in the construction segment.

Keywords: Asset Pricing Model; CAPM; Civil construction. (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:aft:journl:v:14:2:2017:jul:dec:p:79-104

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