Shin, Hyun-Han (contributor); Stulz, René M. (contributor) - 2000 - [Elektronische Ressource]
volatility. Specifically, controlling for known
determinants of changes in shareholder wealth, we find that the change in … market, thereby increasing
expected returns but affecting contemporaneous returns adversely.4 Again, controlling for
exposure … our regressions without
controlling for beta in this way and the conclusions of the paper are unaffected.
Table 2 shows …