The link between measures of risk and return within the equity market has been very weak over the past 47 years: In the … United States, returns on high-risk stocks have cumulatively fallen short of the returns on low-risk stocks, during a period … a risk anomaly — a mispricing of risk for behavioral and institutional reasons — and revisits the associated …

Purpose This study aims to comparatively analyze the systematic, idiosyncratic and downside risk exposure of both … Islamic and conventional funds in Pakistan to see which of the funds has higher risk exposure. Design/methodology/approach The … using different risk measures. For systematic and idiosyncratic risk single factor CAPM and multifactor models such as Fama …

men. Once risk attitude is controlled for, this effect shrinks to only 2.6 percent. We find no difference when single … participation is mainly explained by different risk attitudes and monetary endowments, but women would participate even less in the … capital market if they reacted as sensitively to risk aversion as their male counterparts. Lastly, given participation in the …

exposure to systematic mispricing can bias tests of risk-return tradeoffs. Controlling for systematic mispricing, we recover … robust positive risk-return relations for many cross-sectional risk proxies, including low-risk and distress anomalies. We … arising from empirical failures of standard pricing models, and show empirical risk-return relations supporting rational …