Open AccessA Synthesis of Theoretical Relationship between Systematic Risk and Financial and Accounting Variables
Author(s) -
Edward R. Lawrence,
Suchismita Mishra,
Arun J. Prakash
Publication year - 2004
Publication title -
international journal of banking and finance
Language(s) - English
Resource type - Journals
ISSN - 1675-722X
DOI - 10.32890/ijbf2004.2.1.8342
Subject(s) - leverage (statistics) , systematic risk , economics , accounting , earnings , econometrics , actuarial science , mathematics , statistics
In this paper we summarize the theoretical relationship between beta, the measure of relative systematic risk on one hand and financial and accounting variables, such as leverage, size, growth in earnings, capital adequacy etc. The purpose is to bring together a comprehensive treatise of these relationships.
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