Idiosyncratic risk and expected returns : an investigation in the context of real estate investment in China

In the asset-pricing framework, idiosyncratic risk is the risk that is independent of systematic risk and peculiar to one specific asset or company, it is left with no role in expected returns according to the classic finance theory since it could be completely diversified away. However, in the case...

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Bibliographic Details
Main Authors: Liu, Wei, 刘巍
Other Authors: Li, LH
Language:English
Published: The University of Hong Kong (Pokfulam, Hong Kong) 2014
Subjects:
Online Access:http://hdl.handle.net/10722/193494