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Accounting Betas, Systematic Operating Risk, and Financial Leverage: A Risk-Composition Approach to the Determinants of Systematic Risk

Published online by Cambridge University Press:  06 April 2009

Ned C. Hill  and
Bernell K. Stone
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Extract

The purpose of this article is to extend both theoretical and empirical knowledge on: 1) the relation between accounting-based and market-based measures of systematic risk; and 2) the effect of financial structure on systematic risk.

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 15 , Issue 3 , September 1980 , pp. 595 - 637
Copyright
Copyright © School of Business Administration, University of Washington 1980

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References

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