Milonas, Nikolaos T.; Rompotis, Gerasimos G. - In: Managerial Finance 39 (2013) 9, pp. 863-882
Purpose – This paper aims to investigate the intervalling effect bias in ETFs' systematic risk expressed by beta. The authors' findings reveal the existence of a significant intervalling effect on ETFs' beta obtained by the ordinary least squares method (OLS). Also investigated is the impact...
