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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Language: | English |
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The University of Hong Kong (Pokfulam, Hong Kong)
2014
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Online Access: | http://hdl.handle.net/10722/193494 |