systemic real risk realizations; (c) financial integration fosters domestic financial development and the liquidity of equity … in the form of improved countries' growth prospects and lower systemic real risk …

This paper reexamines the relation between various downside risk measures and future equity returns in a global context … that spans 26 developed markets. We find that there is no significantly positive relation between systematic downside risk … and the cross-section of equity returns, and in fact, this relation is mostly negative. Moreover, stock-specific risk …

This book undertakes industry analysis of the risk-return behaviour of stock returns in the US. It focuses on … transportation and a number of non-transportation companies, with particular attention paid to water transportation. The market risk … identify exposures (betas) to market, microeconomic and macroeconomic types of risk in each industry. These industries include …