Baghdadabad, Mohammad Reza Tavakoli; Glabadanidis, Paskalis - In: Review of Pacific Basin Financial Markets and Policies … 16 (2013) 04, pp. 1350028-1
diversified investors, the average drawdown beta leading to an alternative pricing model based on this beta. Our findings clearly … support the average drawdown beta and the pricing model of average drawdown CAPM versus the conventional beta and CAPM in a …