Risk-Shifting & Volatility Puzzle
The research indicates that shareholders face high unique risks when their companies are struggling, resulting in low or negative returns for firms with high unique volatility.
Featured in No. 8 on 19 Jul 2023 ·
- Released
- 16 Feb 2021
- First featured
- No. 8 · 19 Jul 2023
- Published in
- Not yet, as far as Semantic Scholar knows
- Shares when featured
- 15
- Identifier
- RePEc:inm:ormnsc:v:67:y:2021:i:5:p:2751-2772
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).