EconPapers    
Economics at your fingertips  
 

Risk and Return: The Case of Securities Listed on the West African Economic and Monetary Union Regional Exchange of Securities (BRVM)

Herv¨¦ Ndoume Essingone and Mouhamadou Saliou Diallo

Applied Economics and Finance, 2019, vol. 6, issue 1, 97-108

Abstract: The purpose of this research is to study the relationship between risk and return on the BRVM. The empirical results, obtained using the Asymmetric Response Model (ARM) model, show the asymmetric nature of the return of the securities that are rated on them. This does not reflect the level of risk taken by investors, which is much higher than the return obtained. While this result is consistent with the distancing characteristics of risk and return observed in emerging markets, it highlights above all the need to rebalance the relationship between risk and return at the RSE in order to make it more attractive for investors.

Keywords: risk; return; ARM; Capital Asset Pricing Model (CAPM); BRVM (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://redfame.com/journal/index.php/aef/article/view/3778/4086 (application/pdf)
http://redfame.com/journal/index.php/aef/article/view/3778 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rfa:aefjnl:v:6:y:2019:i:1:p:97-108

Access Statistics for this article

More articles in Applied Economics and Finance from Redfame publishing Contact information at EDIRC.
Bibliographic data for series maintained by Redfame publishing ().

 
Page updated 2019-02-02
Handle: RePEc:rfa:aefjnl:v:6:y:2019:i:1:p:97-108