Empirical tests of a market trading rule based on the notion of market disequilibrium
The notion of beta in the stock market is a concept of risk that has had wide acceptance in the academic and investment communities as a coefficient of non-diversifiable risk. The definition of beta and its use as a measure of risk depends on the empirical validity of the market model. The market mo...
| Main Author: | |
|---|---|
| Language: | English |
| Published: |
University of British Columbia
2011
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/2429/32515 |