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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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
1985
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| 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 |
| Summary: | 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 researchers need to develop good ex-ante measures of risk. |
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