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Abstract–A Canonical Analysis of Market Return-Risk and Financial Characteristics of Industrial Firms

Published online by Cambridge University Press:  19 October 2009

Extract

Market return and risk should be jointly considered in any investment decision. In an effort to examine some of the underlying components of market excess return and risk, the relationship between these two measures and firm financial characteristics is analyzed. Since both market return and risk are considered simultaneously in an investment decision, they are also simultaneously related to firm financial characteristics using canonical correlation analysis.

Type
VII. Security Analysis
Copyright
Copyright © School of Business Administration, University of Washington 1975

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