Analisis Metode Capital Asset Pricing and Arbitrage Pricing Theory terhadap Investasi Saham

Selfiana Dewi ; Cut Mutia ; T. Aris Nouval ; Muammar Khaddafi
Riset Ilmu Manajemen Bisnis dan Akuntansi 📅 2025 Vol 3, No 3 🔗 DOI: 10.61132/rimba.v3i3.2048
Abstract
This study aims to compare the effectiveness of the Capital Asset Pricing Model (CAPM) and Arbitrage Pricing Theory (APT) in predicting stock returns through a literature review of 30 relevant studies. The findings show that CAPM, which relies solely on market risk, is more frequently proven accurate (18 studies) compared to APT (6 studies), while the remaining studies found no significant difference. Financial behavior also plays an important role in enhancing the accuracy of both models. Overall, CAPM is more effective in stable market conditions, while APT is more suitable in complex economic environments. Model selection should be based on market conditions and investor needs.
Keywords
Capital Asset Pricing Model (CAPM); Arbitrage Pricing Theory (APT); Stock Returns
How to Cite

Selfiana Dewi, et al. (2025). Analisis Metode Capital Asset Pricing and Arbitrage Pricing Theory terhadap Investasi Saham . Riset Ilmu Manajemen Bisnis dan Akuntansi, 3(3). https://doi.org/10.61132/rimba.v3i3.2048

Selfiana Dewi; Cut Mutia; T. Aris Nouval; Muammar Khaddafi, "Analisis Metode Capital Asset Pricing and Arbitrage Pricing Theory terhadap Investasi Saham ," Riset Ilmu Manajemen Bisnis dan Akuntansi, vol. 3, no. 3, 2025.

Selfiana Dewi; Cut Mutia; T. Aris Nouval; Muammar Khaddafi. "Analisis Metode Capital Asset Pricing and Arbitrage Pricing Theory terhadap Investasi Saham ." Riset Ilmu Manajemen Bisnis dan Akuntansi, vol. 3, no. 3, 2025.

Selfiana Dewi; Cut Mutia; T. Aris Nouval; Muammar Khaddafi. "Analisis Metode Capital Asset Pricing and Arbitrage Pricing Theory terhadap Investasi Saham ." Riset Ilmu Manajemen Bisnis dan Akuntansi 3, no. 3 (2025).

Selfiana Dewi, et al. (2025) 'Analisis Metode Capital Asset Pricing and Arbitrage Pricing Theory terhadap Investasi Saham ', Riset Ilmu Manajemen Bisnis dan Akuntansi, 3(3). doi: 10.61132/rimba.v3i3.2048.

Selfiana Dewi; Cut Mutia; T. Aris Nouval; Muammar Khaddafi. Analisis Metode Capital Asset Pricing and Arbitrage Pricing Theory terhadap Investasi Saham . Riset Ilmu Manajemen Bisnis dan Akuntansi. 2025;3(3).

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