This paper introduces an alternate measure of idiosyncratic risk leveraged from the decomposition method to further … eliminate the residual systematic risk inherent in the factor asset pricing model. Combining both complementary techniques … contributes to a more comprehensive firm-level idiosyncratic risk that is crucial in both portfolio diversification and alpha …

This study examines the relationship between board features and firm risk of listed companies in Colombo Stock Exchange … size, Women on board, Non-executive director, CEO Duality and Director Interlock have significant impact on firm risk. The … risk in Sri Lankan companies. Our findings reveal that consistence is with theoretical expectation and code best practices …