This paper examines the implications for risk taking in an emerging stock market, viz., Pakistan Stock Exchange (PSX … assumptions and can estimate the elasticities across the risk spectrum. The empirical findings suggest that the elasticities, viz …., betas, are significant across quantiles. It implies that the risk-return relationship behaves differently when the …

We investigate the relationship between idiosyncratic risk and return among four water exchange traded funds … the idiosyncratic risk for most of the exchange traded funds move from low volatility (Regime 2) to very low volatility … seems that water investment has a lower systematic risk and a positive effect on the water exchange traded index funds …