استخدام نموذج تسعير الموجودات الرأسمالية الدولية في تقدير العوائد المالية المطلوبة للمحفظة الاستثمارية الدولية : دراسة حالة في شركة زين الدولية

الملخص EN

The purpose of the current study is to estimate the International Capital Asset Pricing Model through establishing an international investment portfolio.

This is based on the data estimation of local capital assets at the pricing model plus the expected returns and the possible risks within the international scope.

This study was premised on the formation of an international investment portfolio involving a number of international mobile telecommunication companies.

It covered some of the Zain Group companies, including those of Kuwait, Jordan, Sudan, Iraq and Bahrain.

The study relied on the annual reports that were published by the mobile service providers of this Group from 2007 to 2016.

The most important result of the study is that the capital asset pricing model at the international level gives a more realistic picture of the rates of required returns on investment, particularly in relation to international diversifcation of these investments, which results in an increase in the rates of required returns.