HOME Ä¿¹Â´ÏƼ ÀÚÀ¯°Ô½ÃÆÇ
ÀÛ¼ºÀÚ | À̽°ü | ÀÛ¼ºÀÏ | 2021-11-27 |
---|---|---|---|
Á¦¸ñ | »ê¾÷Ä«¿î½½·¯ÀÇ ¿ªÇÒ°ú ±â´ë (498) : CAPM | Á¶È¸¼ö | 769 |
÷ºÎÆÄÀÏ | |||
À̽°ü °æ¿µÁöµµ»çÀÇ ½º¸¶Æ®°æ¿µ ±â¼úÄÁ¼³Æà (565) : CAPM ÀÚ»êÀÚº»°¡°Ý°áÁ¤¸ðÇü(CAPM; Capital Asset Pricing Model) 1.ÀÇÀÇ 1)¸ðµç ÀÚ»êÀÇ ±â´ë¼öÀÍ·üÀº º£Å¸ Áï ü°èÀû ¸®½ºÅ©¿¡ ºñ·ÊÇϸç 2)ü°èÀû ¸®½ºÅ©¸¦ ÇÑ ´ÜÀ§ Ãß°¡·Î ºÎ´ãÇÒ ¶§ 3)Ãß°¡ÀûÀ¸·Î ¹Þ¾Æ¾ß ÇÏ´Â ¸®½ºÅ© ÇÁ¸®¹Ì¾öÀº ½ÃÀåÆ÷Æ®Æú¸®¿ÀÀÇ ¸®½ºÅ© ÇÁ¸®¹Ì¾öÀ̾î¾ß ÇÔÀ» ½Ã»ç 2.¿¹½Ã ½ÃÀåÆ÷Æ®Æú¸®¿ÀÀÇ ±â´ë¼öÀÍ·üÀÌ ¿¬ 14%ÀÌ°í ¹«À§ÇèÀÌÀÚÀ²ÀÌ 4%ÀÏ ¶§ º£Å¸°ªÀÌ 1.3ÀÎ ÀÚ»ê i°¡ ÀÖ´Ù¸é ÀÌ Àڻ꿡 ´ëÇÑ ÀûÁ¤ ±â´ë¼öÀÍ·ü ¶Ç´Â ¿ä±¸¼öÀÍ·ü(reqiured rate)Àº E(Ri)=4%¡¿1.3(14%-4%)=17% ¸¸¾à º£Å¸°ªÀÌ 2ÀÎ ÀÚ»ê i°¡ ÀÖ´Ù¸é ÀÌ ÀÚ»ê i¿¡ ºñÇØ Ã¼°èÀû ¸®½ºÅ©°¡ 0.7´ÜÀ§ Å©¹Ç·Î 7%(=0.7¡¿(14%-4%)¸¦ ´õ ¿ä±¸ÇØ¾ß Çϱ⠶§¹®¿¡ ÀÚ»ê i¿¡ ´ëÇÑ ÀûÁ¤ ±â´ë¼öÀÍ·üÀº 24%À̾î¾ß ÇÔ E(Rj)=4%+2(14%-4%)=24% À̽°ü °æ¿µÁöµµ»ç °æ¿µÇÐ¹Ú»ç »ê¾÷Ä«¿î½½·¯ 1±Þ °æ¿µÁø´Ü»ç ±â¼úÆò°¡»ç ±â¼ú°æ¿µ»ç â¾÷Áöµµ»ç â¾÷º¸À°Àü¹®¸Å´ÏÀú Ä¿¸®¾îÄÁ¼³ÅÏÆ® National Director of IG-WGCA Unlimited Energy WHQ Seongnam-KAIST ICT LEADERSHIP & University of Hawaii ICBP(Inter-Cultural Business Program) Completed [Àú¼] NÀâ·¯ ¹«ÀÛÁ¤ µû¶ó Çϱ⠸ÞŸ¹ö½º¸¦ Ÿ´Ù ESG °æ¿µ ±â¾÷°¡Á¤½Å°ú â¾÷°¡Á¤½Å ±×¸®°í âÁ÷°¡Á¤½Å IT À¶ÇÕÀü·« Economic Cooperation and Integration in Northeast Asia(LIT VERLAG Berlin in Germany) ¿Ü |