Tobin’s Separation Theorem: Information from the Colombian Stock Market for the First Half of 2008
This paper shows a special situation where a portfolio created based on Tobin’s separation theorem does not match the Markowitz efficient set. Next a review of Markowitz´s portfolio selection theory is offered, followed by a review of Tobin’s separation theorem. Next, these models are used as tools...
- Autores:
-
José Gabriel Astaiza Gómez
- Tipo de recurso:
- Fecha de publicación:
- 2019
- Institución:
- Universidad EAFIT
- Repositorio:
- Repositorio EAFIT
- Idioma:
- spa
- OAI Identifier:
- oai:repository.eafit.edu.co:10784/13979
- Acceso en línea:
- http://hdl.handle.net/10784/13979
- Palabra clave:
- portfolio
risk
return
efficient set
riskless asset
JEL Classification
G11
C61
portafolio
riesgo
rendimiento
frontera eficiente
activo sin riesgo
Clasificación JEL G11
C61
- Rights
- License
- Copyright © 2012 José Gabriel Astaiza Gómez