| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 963494 | Journal of International Financial Markets, Institutions and Money | 2012 | 17 Pages |
Abstract
⺠We examine the effect of book-to-market equity on asset correlations. ⺠BE/ME is negatively related to asset correlations. ⺠BE/ME is positively related to operating risk of a firm. ⺠Operating risk of a firm is therefore negatively related to lower asset correlations. ⺠Incorporating operating risk may improve regulatory capital adequacy for banks.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Shih-Cheng Lee, Chien-Ting Lin,