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The portofolio administering at the isurance companies by A.P.T. multifactorial model

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  • Mitica Pepi

    (“OVIDIUS” University, Constanta)

Abstract

In order to approach the A.T.P. model (arbitrage price theory) the understanding of some aspects related to arbitrage in general is necessary, APT being only one of the implications of this finance central theory (of the lack of arbitrage opportunities), among the others one being able to quote: the theory of including the parity buying power opportunities, the theories concerning the company value and the indebtedness degree, et… An opportunity of arbitrage represents an investment strategy that guarantees a positive result in at least one of the nature states without the possibility of a negative result and without an initial investment. The lack of arbitrage opportunities presumes that, being given a portofolio the value of which at t is 0, Vt = 0, there is no admitted strategy so that at t+1 moment it should be Vt + 1>0 in least one state. If the no other arbitrage opportunities it is said that the market is viable.

Suggested Citation

  • Mitica Pepi, 2008. "The portofolio administering at the isurance companies by A.P.T. multifactorial model," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 11(11(528)(s), pages 173-179, November.
    • Handle: RePEc:agr:journl:v:11(528)(supplement):y:2008:i:11(528)(supplement):p:173-179
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    Cited by:

    1. Aurelia Patrascu & Radu-Serban Zaharia, 2016. "Analysis On The Evolution Of Insurance Systems In Romania - The Past Five Years," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 208-213, August.

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