An Examination of the Structural Stability of Bowman's Risk Return Paradox

The paper examines the dynamic behavior of Bowman's (1980, 1982) risk/return paradox. Using accounting risk measures it is demonstrated that the paradox is not stable across time or industries. Further, the paradox may disappear with market based risk measures. It is suggested that strategy res...

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Bibliographic Details
Main Authors: Fiegenbaum, Avi, THOMAS, Howard
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1985
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3840
https://doi.org/10.5465/AMBPP.1985.4978194
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Institution: Singapore Management University
Language: English