๐”– Bobbio Scriptorium
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Industry-Specific Human Capital, Idiosyncratic Risk, and the Cross-Section of Expected Stock Returns

โœ Scribed by EILING, ESTHER


Book ID
119856434
Publisher
John Wiley and Sons
Year
2013
Tongue
English
Weight
477 KB
Volume
68
Category
Article
ISSN
0022-1082

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Idiosyncratic risk and the cross-section
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Theories such as Merton [1987. A simple model of capital market equilibrium with incomplete information. Journal of Finance 42, 483โ€“510] predict a positive relation between idiosyncratic risk and expected return when investors do not diversify their portfolio. Ang, Hodrick, Xing, and Zhang [2006. Th