exposure to systematic mispricing can bias tests of risk-return tradeoffs. Controlling for systematic mispricing, we recover …Systematic mispricing primarily affects speculative stocks and predominantly results in overpricing, predicting lower … robust positive risk-return relations for many cross-sectional risk proxies, including low-risk and distress anomalies. We …

stocks have a higher average return than growth stocks due to the higher overall risk. Furthermore, this study combined the …Risk premium plays an important role in stock investing. Experiments have shown that value stocks typically have a … higher average return than growth stocks; however, this effect persists indefinitely, even disappearing in some stages. Some …