Idiosyncratic risk puzzle and its pricing: Do firm characteristics matter? Evidence of BRICS countries
This paper examines the relationship between idiosyncratic risk and stock returns in BRICS (Brazil, Russia, India, China, and South Africa) countries by applying parametric and nonparametric approaches. It also explores the idiosyncratic risk puzzle by dividing firms into groups based on fundamental...
| Published in: | Borsa Istanbul Review |
|---|---|
| Main Authors: | , , |
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
2023-01-01
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| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2214845022000849 |