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Beta and returns revisited: Evidence from the German stock market

✍ Scribed by Ralf Elsas; Mahmoud El-Shaer; Erik Theissen


Book ID
117699500
Publisher
Elsevier Science
Year
2003
Tongue
English
Weight
184 KB
Volume
13
Category
Article
ISSN
1042-4431

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The risk-return relationship is one of the fundamental concepts in finance that is most important to investors and portfolio managers. Finance theory argues that the beta or systematic risk is the only relevant risk measure for investors. However, many studies have showed that betas and returns are