The Stability and Predictability of Betas: Evidence from the Kuala Lumpur Stock Exchange
Beta measures the systematic or undiversifiable risk of a security. Investors desire stable (and hence predictable) measures of beta to enable them to accurately estimate the expected returns on their investment. Instable betas lead to inaccurate estimates of expected returns over time and hence p...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English English |
| Published: |
Universiti Putra Malaysia Press
1994
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| Online Access: | http://psasir.upm.edu.my/id/eprint/3044/1/The_Stability_and_Predictability_of_Betas_Evidence_from.pdf http://psasir.upm.edu.my/id/eprint/3044/ |
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