The Determinants of Systematic Risk: A Synthesis
- 1 May 1989
- journal article
- Published by Wiley in The Financial Review
- Vol. 24 (2) , 157-181
- https://doi.org/10.1111/j.1540-6288.1989.tb00337.x
Abstract
This paper contains a review and synthesis of the theoretical research that has examined the corporate determinats of systematic risk (beta). By delineating the underlying assumptions and by using a consistent notation to summarize the research results, this review is designed to facilitate the beta assessment efforts of financial managers, investment analysts, and academic researchers.Keywords
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