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International stock markets interactions and conditional correlations

โœ Scribed by Christos S. Savva


Book ID
116575323
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
936 KB
Volume
19
Category
Article
ISSN
1042-4431

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โœ Gordon Y.N. Tang; Wai C. Shum ๐Ÿ“‚ Article ๐Ÿ“… 2003 ๐Ÿ› Elsevier Science ๐ŸŒ English โš– 93 KB

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