Εμπειρικός έλεγχος του διπλού βήτα υποδείγματος αποτίμησης κεφαλαιακών στοιχείων
The relation between expected return and downside beta
The purpose of this study is to examine the relation between expected return and downside beta lying in the stock markets of France, with various methods deployed in the past, while reviewing the theoretical and empirical literature on Portfolio Theory and Capital Asset Pricing Model and downside beta. This study is not in favor of the sufficiency of downside beta on the validity of expected returns for the stock market examined , because the estimation of the model parameters does not meet the required assumptions. Possibly other risk factors interpret the results that have not been included in the model.