Tobin’s Separation Theorem: Information from the Colombian Stock Market for the First Half of 2008 El teorema de la separación de Tobin: información del primer semestre de 2008 del mercado accionario colombiano
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...
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| Format: | Article |
| Language: | English |
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Universidad EAFIT
2012-12-01
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| Series: | AD-minister |
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| Online Access: | http://publicaciones.eafit.edu.co/index.php/administer/article/view/1732 |