The main purpose of this study was to explore the relationship between market and accounting measures of risk and the … coefficients as a systematic risk measure. The research considered classical and downside risk measures. The profitability of a … company was expressed as ROA and ROE. When determining the downside risk, two approaches were employed: the approach by Bawa …

returns without ruling out normality. This contribution illustrates their usefulness in predicting the downside risk of …