Downside Risk &; Liquidity-The Example of US Financial Institutions
碩士 === 國立交通大學 === 財務金融研究所 === 102 === Investors care more about downside losses than upside gains. They require additional compensation for holding stocks with high sensitivities to downside market movements. In this paper, we show that the cross section of stock returns reflects a downside risk pre...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | en_US |
| Published: |
2014
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| Online Access: | http://ndltd.ncl.edu.tw/handle/2nf9vr |