Is Beta Still Alive? Conclusive Evidence from the Swiss Stock market

Dusan Isakov

Working Papers from Ecole des Hautes Etudes Commerciales, Universite de Geneve-

Abstract: This paper proposes an alternative approach to access the usefulness of betas and applies it to a representative sample of the Swiss stock market. The approach is based on a more pragmatic analysis of the implications of using realised, rather than expected returns and on the fact that the realised market excess return is volatile and often negative.

Keywords: CAPITAL MARKET; REGRESSION ANALYSIS (search for similar items in EconPapers)
JEL-codes: G13 G14 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1997
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Citations: View citations in EconPapers (1)

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Journal Article: Is beta still alive? Conclusive evidence from the Swiss stock market (1999)
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Persistent link: https://EconPapers.repec.org/RePEc:fth:ehecge:97.17

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