Do investors price industry risk? Evidence from the cross-section of the oil industry
Recent research identifies several industry-related patterns that standard asset pricing models cannot explain effectively. This paper investigates what explains the cross-section of returns of firms in the oil industry and, in particular, how well an oil factor performs in comparison with the commo...
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| Outros Autores: | , , |
| Formato: | article |
| Idioma: | eng |
| Publicado em: |
2017
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| Assuntos: | |
| Texto completo: | http://hdl.handle.net/10071/14721 |
| País: | Portugal |
| Oai: | oai:repositorio.iscte-iul.pt:10071/14721 |