Betting against beta with conditional modeling in Belgium stock market
Background and objectives: CAPM implies that there should exists positive relation between the returns’ and betas’ of the stocks and this relation should be equal to size of market risk premium. However empirical research has found that this relationship is too flat or even completely flat. Low beta...
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| Format: | Dissertation |
| Language: | English |
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University of Oulu
2017
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| Online Access: | http://urn.fi/URN:NBN:fi:oulu-201701121052 http://nbn-resolving.de/urn:nbn:fi:oulu-201701121052 |