Bali, Turan G.; Cakici, Nusret; Tang, Yi - In: Financial Management 38 (2009) 1, pp. 103-137
"We examine the cross-sectional relation between conditional betas and expected stock returns for a sample period of July 1963 to December 2004. Our portfolio-level analyses and the firm-level cross-sectional regressions indicate a positive, significant relation between conditional betas and the...