CAPM is, despite all own limitations, often applied model for pricing assets at capital market. It`s application served for research in pricing of choosen set of shares of companies and funds, as well as market portfolio represented by stock indices at emerging Montenegrin capital market from it`s begining up to nowdays of the five years transition period. Findings from the research could be useful, with other influencing factors, while investors formulate the strategy of investing for at capital market.
Dragoljub Janković. "Aplication Of The Capm For Pricing The Assets At Montenegrin Capital Market." Montenegrin Journal of Economics. vol. 5, no. 10, 2009, p. 81-94
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