The present study investigates the possible existence of a systematic relation between beta and excess-return for … portfolios of Turkish equities. In the process, no systematic relation is found between beta and realized portfolio excessreturn …-return and beta, conditioned upon the sign of realized market-portfolio excess-return. Moreover, an even stronger systematic …

-wide climate change news index and find that high (positive) climate beta funds outperform low (negative) climate beta funds by 0 ….24% per month on a risk-adjusted basis. High climate beta funds tilt their holdings toward stocks with high potential to hedge …