Appropriate Expected Return and the Relationship with Risk

• Main Authors: Panutat Maneemaroj, Ravi Lonkani, Chanon Chingchayanurak
• Format: Journal
• Published: 2019
• Subjects: Business, Management and Accounting
• Online Access: https://www.scopus.com/inward/record.uri?partnerID=HzOxMe3b&scp=85063592458&origin=inward; http://cmuir.cmu.ac.th/jspui/handle/6653943832/65431
• Institution: Chiang Mai University

© 2019 International Management Institute, New Delhi. Theoretically, risk-averse investors who expose to higher level of risks should expect to be compensated with more returns. However, prior studies empirically found inconclusive and often counterintuitive results. Motivated by advanced econometri...