haku: @freeterm Liquidität / yhteensä: 16
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| Tekijä: | Baucus, D. A. Golec, J. H. Cooper, J. R. |
| Otsikko: | Estimating risk/return relationships: an analysis of measures (Risikoanalyse, Rentabilitätsmessung) |
| Lehti: | Strategic Management Journal
1993 : JUL, VOL. 14:5, p. 387-396 |
| Asiasana: | |
| Vapaa asiasana: | LIQUIDITÄT |
| Kieli: | eng |
| Tiivistelmä: | This article shows that the risk/return paradox can be partly explained by the choice of accounting risk and return measures. Returns computed with equity or assets from 'end of period' (EOP) annual reports produce negative risk/return associations, while measures calculated using 'beginning of period' (BOP) equity or assets yield more positive relationships. The results show that mean and variance measures are unstable and risk/return relationships vary inversely the number of firms reporting mean losses. |
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