Novak, Jiri; Petr, Dalibor - In: Czech Journal of Economics and Finance (Finance a uver) 60 (2010) 5, pp. 447-460
Measuring risk in the stock market context is one of the key challenges of modern finance. Despite the substantial significance of the topic to investors and market regulators, there is a controversy over what risk factors should be used to price assets or to determine the cost of capital. We...