Brimble, Mark; Hodgson, Allan - In: Managerial Finance 33 (2007), pp. 553-573
Purpose -This paper aims to examine the contemporary association between accounting information and a number of … accounting drivers of beta and to assess whether their explanatory variable power has changed or declined over time. Design …/methodology/approach -Beta estimates are calculated using adjustments for thin-trading, central tendency, leverage, and time variance. Accounting …