Todea, Alexandru; Tulai, Horia; Pleşoianu, Anita - In: Theoretical and Applied Economics 12(541)(supplement) (2009) 12(541)(supplement), pp. 632-639
The downside capital asset pricing model measures the downside beta of risk and is proposed by Estrada (2002) as an alternative to the capital asset pricing model to measure the risk of emerging market investments. The basis for this argument is that investors are not particularly worrisome of...