FINANCIAL LIBERALIZATION AND THE RISK-RETURN RELATIONSHIP: EVIDENCE FROM BRAZIL
Tests of stock returns in developed and emerging markets indicate that several factors beyond the market portfolio are priced, a finding inconsistent with the predictions of the standard capital asset pricing model. To investigate the implications of financial liberalization for the pricing of risk...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
People & Global Business Association (P&GBA)
2007-06-01
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| Series: | Global Business and Finance Review |
| Subjects: | |
| Online Access: | http://www.gbfrjournal.org/pds/journal/thesis/20150623130118-PCGMQ.pdf |