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Conditional beta: Evidence from Asian emerging markets

✍ Scribed by Robert B. Durand; Yihui Lan; Andrew Ng


Book ID
116511918
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
473 KB
Volume
22
Category
Article
ISSN
1044-0283

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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