Investor Diversification and the Pricing of Idiosyncratic Risk

Investor Diversification and the Pricing of Idiosyncratic Risk

Theories predict that, due to investor under-diversification, idiosyncratic risk is positively priced in expected stock returns. Empirical studies based on various methodologies yield mixed evidence. This study circumvents the debate on methodological issues and traces the pricing of idiosyncratic r...

Full description

Saved in:
Bibliographic Details
Main Author: FU, Fangjian
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2010
Subjects:
Idiosyncratic risk
Stock returns
Diversification
Institutional investors
Finance and Financial Management
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3042
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4041/viewcontent/FuFJ2010InvestorDiversificationAndThePricingOfIdiosyncraticRisk.pdf
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/lkcsb_research/3042
https://ink.library.smu.edu.sg/context/lkcsb_research/article/4041/viewcontent/FuFJ2010InvestorDiversificationAndThePricingOfIdiosyncraticRisk.pdf

Similar Items